Examlex
__________ are based on social identity, such as gender or race, and are organized within companies to focus on concerns of employees from that group.
Standard Cost System
An accounting method that applies fixed costs for materials, labor, and overhead to goods produced based on standard prices and usage rates.
Cost of Goods Sold
The total direct costs attributable to the production of goods sold by a company, including materials and labor.
Fixed Overhead
Regular, consistent expenses associated with operating a business such as rent, utilities, and insurance that do not vary with production volume.
Direct Labor
The wages and benefits paid to workers who are directly involved in the production of goods or the provision of services.
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