Examlex
Instructions: Identify the terms and briefly state their historical significance.
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Unit Costs
Unit costs, also known as cost per unit, represent the total expense incurred to produce, store, and sell one unit of a product or service, including direct and indirect costs.
Labor Costs
The total amount of money a business spends on employee salaries, wages, and other benefits.
Individual Job
Definition: A distinct task or project undertaken by a business, where costs and revenues can be directly attributed and tracked.
Time Tickets
The form on which the amount of time spent by each employee and the labor cost incurred for each individual job, or for factory overhead, are recorded.
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