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Assume your favorite soccer team has 2 games left to finish the season.The outcome of each game can be win, lose or tie.The number of possible outcomes is
Unit Cost
The expenses associated with manufacturing, warehousing, and distributing a single unit of a product or service.
Payroll Taxes
Charges applied to employers or their workers, typically measured as a fraction of the earnings paid by companies to their employees.
Direct Labor
The labor costs of workers who are directly involved in the production of goods or the rendering of services.
Direct Labor Hour
A measure of the amount of time workers spend directly manufacturing a product.
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