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The goal of restorative justice is to take actions to restore the victim, the offender, and society to the desirable conditions that existed before the offense occurred.
Direct Labor Hours
The total hours worked by employees directly involved in the production process.
Predetermined Factory Overhead Rate
A rate calculated before a period begins, used to allocate estimated overhead costs to individual units of production based on a specific activity base.
Estimated Activity Base
A projection or forecast used in budgeting and accounting to allocate costs based on predicted levels of activity such as hours worked or units produced.
Work in Process
Inventory that includes goods in production but not yet completed. It's a stage between raw materials and finished goods in the manufacturing process.
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