Examlex
What are the typical modules available in an ERP system?
Direct Labor
The labor costs directly tied to the production of goods or the performance of services.
Overhead Cost
Overhead cost refers to ongoing business expenses not directly linked to creating a product or service, such as rent, utilities, and administrative costs.
Actual Overhead
The total real costs incurred for indirect materials, labor, and other expenses to operate a business, not directly tied to specific products or services.
Overhead Applied
Overhead applied is the portion of manufacturing overhead costs assigned to individual units of production based on a predetermined overhead rate.
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