Examlex
The science of creating work environments that are safe and efficient for workers is known as
Raw Material
Basic materials used in the production process to manufacture finished goods, essential components of production cost.
Cost of Goods Sold
Direct expenditures involved in the manufacture of products a business sells, such as labor and materials.
Fixed Overhead Variances
The difference between actual fixed overhead costs and the standard or budgeted fixed overhead costs.
Direct Materials
Direct materials are raw materials that are directly incorporated into a finished product and are an essential part of the manufacturing process.
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