Examlex
Match the term with the correct definition.
-Benign
Direct Labor Cost
Expenses associated with employees who directly contribute to the production of goods, such as wages for assembly-line workers.
Cost of Goods Manufactured
The sum of all expenses associated with the creation of finished goods within a given time frame, encompassing wages, raw materials, and indirect costs.
Adjusted Cost
The net cost of an asset after adjustments for improvements, depreciation, or damage, providing a more accurate reflection of its current value.
Income Statement
A financial report detailing a firm's income, costs, and earnings during a designated time frame.
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