Examlex
_________ structure groups people with the same skills, or who use similar tools or work processes, together into departments.
Job-Order Costing
A cost accounting system that accumulates costs according to specific jobs or orders, allowing for detailed cost tracking.
Manufacturing Cost
The total expense incurred in the production of goods, including direct materials, direct labor, and manufacturing overhead.
Machine-Hours
A measure of the amount of time machines are running in the production process, used as a basis for allocating overhead costs.
Manufacturing Overhead
All indirect costs related to the production process, such as maintenance, utilities, and quality control, not directly traceable to a product.
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