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While you are driving, you make an illegal lane change and see a flashing light behind you.You immediately think, "Ticket time" and prepare to pull over.But as the car behind you draws nearer, you see that is is just a car with a vivid turn signal.Your behavior regarding the flashing light illustrates
Direct Labor
The labor cost of workers who are directly involved in the production of goods or the provision of services.
Factory Overhead
All indirect costs associated with manufacturing, excluding direct labor and direct materials.
Direct Labor
The labor cost directly attributed to the production of goods or services, typically wages paid to those on the manufacturing floor.
Direct Materials
Raw materials that can be directly traced to the production of a product and are an integral part of the finished product.
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