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In order to get performance feedback from more sources than just an employee's supervisor, a program of 360 feedback can be implemented.
Direct Materials
Raw materials that can be directly traced to the production of goods.
Conversion Costs
Costs incurred in the process of converting raw materials into finished products, typically including direct labor and manufacturing overhead.
Assembly Labor's Wages
The earnings provided to employees who work specifically in assembling parts or products in a manufacturing process.
Raw Lumber
Unprocessed wood used as a base material in construction and manufacturing, typically sold in bulk or by the board foot.
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