Examlex
The combining form lumb/o- means:
Direct Materials
Primary materials directly linked to the production of a good and are categorized as variable expenses.
Cost of Goods Manufactured
The total cost of manufacturing the goods that were completed during a specific accounting period, including labor, materials, and overhead.
Indirect Labor
Labor costs associated with employees who do not directly work on the production of goods or services but support the production process.
Machine Operators
Individuals responsible for setting up, operating, and maintaining machines in a manufacturing environment.
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