Examlex
Computer hardware will perform its tasks automatically,regardless of whether a software program is running or not.
Direct Labor
The cost of wages for employees who are directly involved in producing a product or delivering a service.
Raw Material
The basic material from which a product is made, typically unprocessed or minimally processed substances used in manufacturing.
Direct Labor
Refers to the wages or salaries paid to workers directly involved in the production of goods or services.
Fixed Manufacturing Overhead
Indirect manufacturing costs that remain relatively constant regardless of the level of production, such as rent, insurance, and salaries of permanent staff.
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