Examlex
Sandy works in a factory where employees are expected to complete 14 widgets each hour.The managers are very strict and frequently check to make sure employees are actually completing at least this base number of widgets each hour.The employees are being assessed on their ______.
Direct Labor Cost
The total cost of wages for labor directly involved in the production of goods or services.
Direct Labor Wage Rate
The rate of pay for workers who are directly involved in the production of goods or the provision of services.
Finished Goods
Products that have completed the manufacturing process and are ready to be sold to customers.
Selling and Admin. Expense
Costs that are not directly tied to the production of goods or services but are necessary for selling products and managing the business.
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