Examlex
A time fence in the master schedule is used to prevent changes to the schedule within the frozen section.
Direct Labor
The wages and benefits for employees directly involved in manufacturing a product.
Fixed Overhead
The portion of overhead costs that remains constant regardless of the level of production or business activity, such as rent, salaries, and insurance.
Work in Process
Inventory consisting of items in production that are not yet completed, part of the manufacturing process costs including labor, materials, and overhead.
Direct Materials
Basic substances that can be directly connected to the making of a product and are vital parts of the finished goods.
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