Examlex
Discuss the six stages in the training design process.
Absorption Costing
An accounting method where all manufacturing costs, including both fixed and variable costs, are allocated to produced units.
Direct Labor Cost
The total cost of wages paid to workers directly involved in manufacturing a product or delivering a service.
Fixed Manufacturing Overhead
The total of all manufacturing costs that do not vary with the level of production, such as rent, salaries, and insurance.
Reconciliation
The process of ensuring that two sets of records or financial accounts are in agreement, often used in accounting to match transactions.
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