Examlex
Microsoft Access is considered a "personal database" product.What is a personal database?
Direct Materials
Raw materials that are directly incorporated into a finished product and can be easily traced to it.
Direct Labor
The labor costs of employees who are directly involved in the production of goods or services.
Manufacturing Overhead
Indirect production expenses including costs for factory equipment depreciation, quality control, and facility rent that are not directly linked to individual products.
Cost of Goods Manufactured
The total cost incurred to produce goods that are completed within a specific accounting period.
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