Examlex
The common measures of a queuing system's performance include
Direct Labor
Labor costs directly attributable to the production of goods, including wages paid to workers who are actively involved in the manufacturing process.
Direct Material
Raw materials that are directly traceable to the manufacturing of a product and constitute a significant portion of the production cost.
Variable Manufacturing Costs
Costs that vary in proportion to changes in the level of production, including direct materials, direct labor, and variable overhead.
Operating Income
Earnings before interest and taxes (EBIT), calculated by deducting operating expenses, including the cost of goods sold (COGS) and other operating expenses, from gross profit.
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