Examlex
Match each term with the correct statement below.
-Desiring something that belongs to another.
Flexible Budget
A dynamic budget that recalibrates based on fluctuations in operational volume or activity.
Output
The quantity of goods or services produced by a company during a specific period.
Indirect Labor
Labor costs not directly attributable to the production of goods or services, such as salaries for supervisors or maintenance staff.
Direct Labor-Hours
Direct labor-hours refer to the total hours worked by employees directly involved in producing a product.
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