Examlex
Substances that enter a reaction artermed
Direct Labor
The workforce directly involved in producing goods or delivering services, whose wages are considered part of manufacturing costs.
Manufacturing Overhead
All indirect costs associated with the manufacturing process, including but not limited to, utilities, depreciation, and salaries of non-direct labor.
Inventoriable Costs
Direct costs associated with the acquisition or production of goods that are capitalized as inventory and recognized as cost of goods sold when the inventory is sold.
Matching Principle
A fundamental accounting concept that requires expenses to be recorded in the same period as the revenues they helped generate.
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