Examlex
What is the function of primary messengers such as steroid hormones?
Direct Labor
The labor costs directly tied to the production of goods or services, which can be directly attributed to specific units of production.
Direct Materials
Raw materials directly traceable to the production of goods, considered a variable cost.
Overhead Cost
Indirect costs related to the general operation of a company, such as rent, utilities, and administrative salaries, not directly tied to the production of goods or services.
Incremental Cost
The additional cost associated with producing one extra unit of production or conducting an activity.
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