Examlex
A chart title summarizes the data shown in the chart.
Direct Materials Cost
The expense associated with the raw materials and components directly incorporated into a finished product.
Activity-Based Costing
A financial methodology that calculates the cost of products and services by identifying activities related to production and assigning costs to each product accordingly.
Direct Labor-Hours
The total number of hours worked by employees directly involved in the manufacturing process.
Direct Materials Cost
The cost of raw materials that can be directly attributed to the production of a finished good.
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