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In the seven-step approach, the basic comfort needs (heating and cooling, a good bed, a clean bathroom) and other needs like a telephone and safety/security are the determining needs.
Work in Process Inventory
Items in production that are not yet completed, representing a stage between raw materials and finished goods in manufacturing.
Manufacturing Costs
Expenses directly associated with the production of goods, including raw materials, labor, and factory overhead.
Direct Materials
Raw materials that can be directly traced to the manufacturing of a product in terms of quantity and cost.
Direct Labor
Employees who are directly involved in the production of goods or services.
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