Examlex
A company is customerized when it is able to respond to individual customers by customizing its products, services, and messages on a one-to-one basis.
Direct Labor Hours
The total hours worked by employees directly involved in the production process.
Absorption Cost
A cost accounting method that totals all costs associated with manufacturing a product, including all direct and indirect costs.
Direct Labor Dollars
The total amount of money spent on wages for employees who directly work on manufacturing a product or providing a service.
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