Examlex
Second normal form means ____.
Period Cost
Expenses that are not directly tied to the production process and are charged to the period in which they occur, such as selling and administrative expenses.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a specific product and are significant in cost.
Workman's Compensation
Insurance that provides wage replacement and medical benefits to employees injured in the course of employment.
Factory Utilities
Costs associated with utilities in a manufacturing plant, such as electricity and water, considered part of manufacturing overhead.
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