Examlex
All of the following are true of prisons except that:
Cash Account
An account that records all transactions made in cash, including receipts and payments.
Direct Labor Costs
The wages paid to workers who are directly involved in the production of goods or the provision of services, excluding the cost of materials and overhead.
Materials Price Variance
The difference between the actual cost of materials used in production and the standard cost expected for those materials.
Raw Materials
These are the base ingredients or components that companies use in the production of goods.
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