Examlex
Current population trends indicate a decrease in the rate of immigration into the United States.
Direct Labor-Hours
The total time workers spend producing a product or performing a service, specifically those directly involved in manufacturing.
Activity-Based Costing
A technique for determining costs that discerns activities in an organization and charges the cost of these activities to all products and services, based on the real amount each consumes.
Unit Product Cost
The total cost incurred to produce a single unit of product, including direct materials, direct labor, and overhead.
Traditional Costing System
An accounting method that allocates overhead costs to products based on a predetermined rate, typically using a single overhead pool.
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