Examlex
The use of automatic passive restraint systems is Federally mandated on all passenger vehicles sold in the United States after 1990.
Indirect Material
Materials used in the production process that cannot be directly linked to specific products, such as lubricants and cleaning supplies.
Prime Costs
The immediate expenses involved in producing a product, encompassing both the raw materials and the direct labor costs.
Conversion Costs
Conversion costs are expenses incurred when manufacturing a product or providing a service, specifically including both direct labor costs and manufacturing overhead costs.
Baker's Wages
The compensation paid to individuals who are employed to bake goods, usually considered a variable cost in the production process.
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