Examlex
Match the definition with the term.
-argument from design
Direct Labor-hour
A measure of the work time involved in producing goods, usually expressed in hours, directly tied to the labor cost of manufacturing.
Accounts Payable
Short-term liabilities representing amounts owed to suppliers or creditors for goods and services received that have not yet been paid for.
Raw Materials
The basic materials and substances that are used in the production of goods, often processed in various ways to create the final product.
Direct Labor Cost
The total expense of employing workers directly involved in manufacturing goods, including wages, benefits, and insurance.
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