Examlex
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Direct Labor Cost
The total cost of wages paid to workers directly involved in the production of goods or services, excluding benefits and overtime.
Manufacturing Process
The series of operations involved in the production of goods, encompassing everything from raw materials to finished product stages.
Finished Products
Refers to goods that have completed the manufacturing process but have not yet been sold or distributed to the end customer.
Factory Overhead Cost
The indirect costs associated with manufacturing, including expenses such as electricity, maintenance, and salaries of supervisors.
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