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Indirect Labor
The wages paid to employees who are not directly involved in the production of goods or services but support the manufacturing process, such as maintenance staff and supervisors.
Work in Process
Inventory that includes goods partially completed in the manufacturing process but not yet ready for sale.
Retained Earnings
The portion of net earnings not paid out as dividends but retained by the company to be reinvested in its core business or to pay debt.
Net Income Column
A financial statement element that shows the difference between total revenues and total expenses of a company.
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