Examlex
A strong organizational culture is a primary characteristic of a learning organization.
Work in Process
Inventory that is in the production process but is not yet complete.
Overapplied Overhead
A situation where the overhead costs allocated for products or services exceed the actual overhead costs incurred.
Manufacturing Overhead
Refers to all manufacturing costs excluding the direct costs of labor and materials, such as rent, utilities, and equipment depreciation.
Direct Labor-Hours
The total time worked by employees who are directly involved in the manufacturing process of a product.
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