Examlex
Which of the following is NOT an element of an IEP?
Job Order Cost System
An accounting system that accumulates costs by individual jobs when each has distinguishable specifications, costs, and production processes.
Summarized Operations
A condensed presentation of the activities and outcomes of an organization's business operations.
Factory Overhead
All indirect costs incurred during the manufacturing process, excluding direct materials and direct labor expenses.
Direct Labor Cost
Direct labor cost refers to the expense incurred by a company for wages paid to workers directly involved in the production of goods or services.
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