Examlex
What kind of variable resistor is a transmission oil temperature (TOT) sensor?
Direct Materials
Raw materials that can be directly attributed to the production of specific goods or services, forming a significant component of manufacturing costs.
Job-Order Costing
Job-order costing is an accounting method that assigns costs to specific jobs or batches, useful in industries where each product or service is customized.
Direct Labor Costs
Expenses directly associated with the labor used in the production of goods or services, such as wages for workers on the assembly line.
Overapplied Overhead
Refers to a situation where the applied (or allocated) manufacturing overhead costs are greater than the actual manufacturing overhead costs incurred.
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