Examlex
A UPS contains a battery that temporarily provides power if the normal current is interrupted.
Standard Costing System
An accounting method that applies estimated costs to product costs for the purposes of budgeting and inventory valuation.
Direct Labour-Hours
The total hours worked by employees directly involved in manufacturing a product.
Variable Manufacturing Overhead
Manufacturing costs that vary in total directly with changes in production volume, such as utility costs or raw material consumptions.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a specific product.
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