Examlex
Loose coupling is the capability of two or more computer systems to share data and resources, even though they are made by different manufacturers.
Unit Product Cost
The total cost associated with producing a single unit of output, including both variable and fixed costs.
Unit Product Cost
The total cost (direct materials, direct labor, and overhead) associated with producing a single unit of a product.
Traditional Costing Method
A costing methodology that allocates overhead costs based on a single, volume-based cost driver, such as labor hours or machine hours.
Direct Labor-Hours
The total time workers spend on producing a product, directly correlating to the product itself.
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