Examlex
Emissions permits are sometimes referred to as a "license to pollute."
Underapplied Overhead
A situation where the allocated manufacturing overhead costs are less than the actual overhead costs incurred.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including materials and labor.
Direct Materials
Basic substances directly linked to the creation of a particular product.
Job No. 100
This is generally a specific reference to a unique job or project number within a job-order costing system, and not a widely known key term.
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