Examlex
Equal pay for work of equal value is known as what?
Direct Labor
Labor costs that are directly attributed to the work on specific goods or services, easily traced to individual units of production.
Manufacturing Overhead
These are indirect costs associated with manufacturing, not directly attributable to a specific product, such as factory rent, utilities, and maintenance.
Direct Materials
The raw materials used in the manufacturing process of a product that are directly incorporated into the final product.
Raw Materials Inventory
Stocks of unprocessed materials that are used in the production process, awaiting use in manufacturing.
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