Examlex
By using their understanding of magnetic attraction and repulsion in designing the "car," students gain practice in:
Direct Materials Budget
A financial plan that estimates the raw materials required for production and the expected cost of these materials over a specific period.
Direct Labor Budget
A financial plan that estimates the cost of the labor needed to meet production goals, including wages and hours.
Manufacturing Overhead Budget
A financial plan that estimates the costs of indirect materials, labor, and other expenses needed to operate a manufacturing facility.
Production Units
A measure of output from a production process, with one unit representing an item or a defined amount of service produced.
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