Examlex
The certification of a union as the representative of all of the employees in a bargaining unit, under the National Labor Relations Act (NLRA), indicates that the NLRA embraces a policy of majority rule.
Work-in-Process Inventory
Goods in production but not yet completed; part of a company's inventory.
Direct Labor Costs
The wages or salaries paid to employees directly involved in the production of goods or services.
Overhead Costs
Expenses related to the day-to-day operations of a business that are not directly tied to a specific product or service.
Cost of Goods Manufactured
The total production cost of goods completed during a specific period, including labor, material, and overhead costs.
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