Examlex
Simplify.
Direct Labor Hour
A measure of the labor time spent on a specific project or production activity, often used for costing purposes.
Work in Process Inventory
The value of goods in various stages of production in a manufacturing company, not yet completed.
Work in Process
Inventory representing partially completed goods that are still in the process of production.
Direct Labor Costs
Expenses related to employees who are directly involved in the production of goods or services, such as wages for assembly line workers.
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