Examlex
What are some of the issues related to the Internet of Things?
Direct Materials Used
The cost of raw materials that are consumed in the manufacturing process of a product during a specific period.
Total Manufacturing Costs
The sum of all costs directly involved in the production of goods, including raw materials, direct labor, and manufacturing overhead.
Overhead Application Rate
A rate used to allocate overhead costs to products or cost objects based on a predetermined formula.
Direct Labor Hours
The total hours worked by employees directly involved in manufacturing or producing a company's products.
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