Examlex
The ISO 9001 requirement for audits forces an organization to review its quality system on a routine basis.
Manufacturing Overhead Control
A way of monitoring and managing the costs associated with the indirect elements of production, such as utilities, maintenance, and factory supplies.
Overhead Costs
All costs on the income statement except for direct labor, direct materials, and direct expenses, covering expenses like rent, utilities, and insurance.
Volume of Units
The total number of individual units produced or sold by a business in a specified period.
General & Administrative Expenses
Operating expenses that are not directly tied to the production of goods or services, including salaries of non-sales personnel, rent, and office supplies.
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