Examlex
It was a violation of the equal protection clause of the Constitution for the state of Virginia to offer certain higher education benefits to men but not to women.
Direct Labor
The wages and related expenses for workers who are directly involved in the manufacturing of products.
LIFO
Last In, First Out, an inventory valuation method where the most recently produced or acquired items are the first to be expensed.
Variable Costing
A costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of a product.
Absorption Costing
A method of costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overheads - in the cost of a product.
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