Examlex
Material culture consists of the physical or tangible creations that members of a society make,use,and share.Through technology,these raw materials are transformed into usable items (ranging from books and computers to guns and tanks).
Activity Measure
A metric or index used to gauge the extent or level of activity undertaken in a particular process or operation.
Activity-based Costing
A method of allocating overhead and indirect costs to products or services based on the activities that generate those costs.
Overhead Costs
General business expenses that are not directly attributable to a specific product or service but are necessary for the business to operate.
Direct Labor-hours
The total hours worked by employees directly involved in the manufacturing process, used in assigning costs to products.
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