Examlex
Animals are often used in research because they are simpler than human beings and are usually easier to control.
Direct Labor
Direct labor involves the wages of employees who are directly involved in the manufacturing or production process of a company's products or services.
Process Cost Summary
A report that aggregates the total costs associated with a particular production process, including materials, labor, and overhead.
Equivalent Units
An idea in cost accounting that involves allocating expenses to goods that are partially finished, measured as if the goods were fully completed.
Conversion Costs
The combined costs of direct labor and manufacturing overheads incurred to convert raw materials into finished goods.
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