Examlex
What is the difference between a portion and a serving?
Direct Materials
Raw materials that can be directly traced to the production of specific goods or services and are a significant portion of production costs.
Variable Overhead
Costs that fluctuate with the level of production output, including expenses like utilities and raw materials.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a specific product.
Direct Labor-Hours
The total hours of work directly involved in manufacturing goods or providing a service.
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