Examlex
"Projective" and "objective" are two types of tests.
Fixed Manufacturing Overhead
Costs that do not vary with the level of production, such as rent, insurance, and salaries for managers.
Contribution Margin
What’s left of the sales proceeds once variable expenditures are taken out.
Direct Labor
The labor costs directly attributed to the production of goods or services; it includes wages paid to workers physically making a product.
Constrained Resource
A limited resource in a production process that can restrict the company's ability to produce goods, impact scheduling, and ultimately affect throughput.
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