Examlex
What are the three types of employees a company can hire to represent them in foreign countries? Which type tends to have stronger loyalty to the company? Which type has better local knowledge?
Factory Overhead
All indirect costs associated with manufacturing, excluding direct materials and direct labor costs, such as utilities and rent for the factory.
Indirect Labor
Labor costs of workers who assist in or facilitate the manufacturing process but do not directly work on the product.
Prime Costs
Direct materials and direct labor costs that are directly associated with the production of goods.
Factory Overhead Costs
Expenses related to operating a factory that cannot be directly traced to specific units produced, such as electricity, maintenance, and rent of the factory space.
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