Examlex
Related selling activities do not include
Work in Process
Partially finished goods that are still in the production process at the end of an accounting period.
Direct Labor Costs
Expenses that can be directly traced to the production of specific goods or services, including wages and benefits of workers involved in production.
Raw Materials
Basic substances in their natural, modified, or semi-processed states used as inputs for production.
Standard Cost System
An accounting method that uses cost standards for material, labor, and overhead charges to control costs and assess operational efficiency.
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