Examlex
If a business involves the sale or preparation of food, a business owner will need to obtain health department permits and also be subject to regular inspections.
Quality Control
The process of ensuring that products and services meet certain standards and are free from defects.
Direct Materials Cost
The cost of raw materials that are directly involved in the production of a product, easily traceable to the finished product.
Standard Direct Materials
The predetermined cost and quantity of raw materials expected to be used in manufacturing a product.
Standard Costs
Predetermined or budgeted costs serving as a benchmark for evaluating actual performance and cost control.
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