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Indirect Labor
Labor costs that are not directly tied to the production of goods or the performance of services, such as the salary of a factory supervisor.
Overhead Applied
The allocation of estimated overhead costs to individual units of production based on a predetermined rate.
Direct Labor Costs
The total cost incurred by a company for the wages of employees who are directly involved in the operational production process.
Materials Requisition
A materials requisition is a document or electronic request used within a company to authorize the transfer of materials from inventory for production or other use.
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