Examlex
The simplest coordinate system related to machining has just two dimensions.
Direct Labor
The cost of labor that can directly be associated with the production of goods or services.
Overhead
Indirect costs related to production or operations, excluding direct labor and direct materials costs.
Incremental Income
The additional income that is generated by increasing sales or production by one additional unit.
Processing Costs
Expenses incurred during the transformation of raw materials into finished products, including labor, materials, and overhead.
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