Examlex
A high accounts receivable turnover rate in comparison with that of competitors' suggests that the firm should tighten its credit policy.
Direct Labor-Hours
The cumulative hours that employees engaged in the creation of products or services dedicate to their work.
Job-Order Costing
An accounting method used to track the costs associated with each unique job or order, suitable for customized or non-repetitive products.
Direct Labor Cost
The wages and other costs for labor that is directly involved in the production of goods.
Manufacturing Overhead
All manufacturing costs except direct labor and direct materials, including maintenance and utilities.
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