Examlex
Which of the following statements is not correct?
Direct Labor Cost
The total cost of wages, salaries, and benefits paid to employees who directly work on manufacturing a product.
Estimated
A value or quantity that is approximated based on current information or trends, often used in planning and forecasting.
Net Operating Income
The total profit of a company after operating expenses are subtracted from total revenue, but before deducting taxes and interest.
Estimated
An approximation or educated guess based on available data or past experience, often used in budgeting and forecasting financial figures.
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