Examlex
In determining whether a contract containing both a sale of goods and a service is a UCC contract or general contract, a majority of states follow the predominant purpose test.
Planning Budget
A budget designed for a particular level of activity, often used for planning and forecasting purposes.
Direct Labor
Factory labor costs that can be easily traced to individual units of product. Also called touch labor.
Units
A measure of quantity in accounting, production, or inventory management, often used to quantify the amount of output or sales.
Net Operating Income
The profit generated from a company's core business operations, excluding deductions for interest and taxes.
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