Examlex
Briefly explain the functions of a customer insights team.
Direct Labor Cost
The salaries given to employees who are directly engaged in manufacturing products or providing services.
Finished Goods
Products that have completed the manufacturing process but have not yet been sold or distributed to the end user.
Indirect Materials
Materials used in the production process that are not directly traceable to individual products or are not cost-effective to trace, such as lubricants and cleaning supplies.
Manufacturing Overhead
All indirect costs associated with the production process, such as utilities and maintenance expenses.
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