Examlex
Architecture Centric development requires functional (also known as external) diagrams in addition to structure and behavioral diagrams; however, the UML only has structure and behavioral diagrams.
Direct Labor
The labor costs of employees who are directly involved in the production of goods, an element of production costs.
Master Budget
A comprehensive financial plan that includes all of a company's budgets and financial plans.
Hourly Cost
The expense incurred for each hour of work performed, often used to calculate labor costs or pricing for services.
Variable Selling
Costs that vary directly with the volume of sales, such as commissions and shipping charges.
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