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When there is a high degree of association between an action and an outcome, the order in which the action and the outcome occurred is irrelevant to the question of causality.
Total Factory Overhead Cost
Total factory overhead cost includes all indirect costs associated with manufacturing, such as utilities, maintenance, and salaries of non-direct labor, that are not directly tied to the production of specific goods.
Direct Labor
The labor costs associated with workers who are directly involved in the production of goods or services.
Indirect Labor
The wages paid to employees who are not directly involved in the production of goods, such as supervisors and maintenance workers.
Product Cost
The total expense incurred in creating a product, including raw materials, labor, and overhead costs.
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