Examlex
Which of the following is one reason why the income of small family farms has decreased over time?
Direct Labor Cost
The total cost of employing workers who are directly involved in the manufacture of goods or the provision of services.
Direct Materials
Primary materials directly linked to the production of a good and are categorized as variable expenses.
Cost of Goods Manufactured
The total cost of manufacturing the goods that were completed during a specific accounting period, including labor, materials, and overhead.
Indirect Labor
Labor costs associated with employees who do not directly work on the production of goods or services but support the production process.
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