Examlex
The core of systems thinking is seeking to understand how things are connected to each other in some sort of overall system.
Direct Material
Raw materials that are directly traceable to the production process and are an integral part of the finished product.
Direct Labor Hour
A unit of measure for the amount of time a worker spends on a specific task or project.
Factory Overhead
all indirect costs associated with the manufacturing process, excluding direct labor and direct materials.
Machine Hours
A measure of production time or activity based on the number of hours machines are used in the manufacturing process.
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