Examlex
Using the results of the BSC methodology,management teams have an agreed-upon set of objectives and measures that are used to identify and set targets and the actions to achieve them that are appropriate for the company's business model.
Product Costs
Costs that are incurred to create a product that is intended for sale to customers. This includes direct materials, direct labor, and manufacturing overhead.
Direct Labor
Costs associated with employees who are directly involved in the production of goods or the provision of services, such as wages for factory workers.
Direct Materials
Direct materials are the raw materials that can be directly traced to the production of goods.
Variable Overhead
Expenses that fluctuate with production volume, including costs like utilities and indirect labor, that are not directly tied to specific units of production.
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