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Materials Handling
The process of handling, safeguarding, storing, and managing materials and goods all through the stages of production, warehousing, distribution, usage, and discarding.
Direct Labor-Hours
The total hours of labor directly involved in producing goods, often used as a basis for allocating overhead in cost accounting.
Overhead Cost
Refers to ongoing operational expenses that cannot be directly attributed to a specific product or production activity, such as office expenses, rent, and administrative salaries.
Activity-Based Costing
A costing methodology that assigns costs to products or services based on the activities they require for production.
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