Examlex
____________________ software refers to word processing, spreadsheet, presentation, and database applications, all of which are designed to increase individual productivity at home, school, and work.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product.
Indirect Materials
Materials used in the production process that cannot be directly linked to a specific product, such as lubricants and cleaning supplies used on machinery.
Manufacturing Overhead
All indirect costs associated with manufacturing a product, such as utilities, rent, and salaries for employees not directly involved in production.
T-Accounts
A simplified accounting tool that represents a ledger account and is used to understand the effects of transactions on account balances.
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