Examlex
In the steel classification system, the last two digits refer to ____.
Tires
Tires are rubber-based, circular components that fit around wheels to provide vehicles with traction, support, and a smooth ride over various surfaces.
Factory Overhead
All indirect costs associated with manufacturing, including utilities, rent, and maintenance of equipment, which are not directly tied to production.
Direct Labor
The labor costs directly associated with the production of goods or services, typically including wages of workers directly involved in manufacturing.
Direct Materials
Raw materials that are directly used in the production of a product and can be easily traced to it.
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