Examlex
Futures differ from forward contracts because
Direct Labor
Labor costs directly attributable to the production of goods, including wages of workers who are actively involved in the manufacturing process.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product and constitute an integral part of the finished product.
Unassembled Product
A product that is sold in parts and requires assembly by the customer or retailer before it can be used.
Assembled Product
A product that has been put together from various parts or components, ready for sale or use.
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