Examlex
Explain the role of language in international business.
Work in Process Inventory
Goods partially completed but not yet ready for sale, particularly in manufacturing, representing an ongoing production stage.
Direct Materials
Basic substances that are specifically identifiable in the creation of a particular product.
Indirect Materials
Materials used in the production process but not directly traceable to a finished product, such as lubricants and cleaning supplies.
Direct Labor Costs
The total expenses incurred from the labor directly involved in the production of goods or services, distinct from indirect labor costs such as maintenance and supervision.
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