Examlex
Activities of processes that do not involve information systems cannot be improved.
Standard Cost
A predetermined cost of manufacturing, selling, and administrative activities, used as a benchmark to measure performance.
Variable Manufacturing Overhead
Costs in manufacturing that vary with the level of production output, such as materials and labor directly involved in production.
Direct Labor-hours
The total hours worked by employees directly involved in the manufacturing process or producing a service, often used as a basis for allocating overhead costs.
Direct Materials
Raw materials that can be directly associated with the production of specific goods or services.
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