Examlex
Nonfinancial resources include things such as
Conversion Cost
Comprises expenses related to transforming inputs into finished outputs, specifically through labor and overhead costs, essential in manufacturing processes.
Direct Labor
The labor or workforce directly involved in the production process of goods or services, whose costs can be directly attributed to the products being manufactured.
Process Cost System
An accounting method used to track production costs for large numbers of identical units that are mass-produced in a continuous fashion.
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