Examlex
The average cost of a single sales call to a potential B2B buyer is expensive, costing as much as $500.
Raw Material
The basic substances or components that are processed or used in the manufacturing of goods.
Direct Labor-Hours
The cumulative number of labor hours directly engaged in manufacturing goods or services.
Materials Price Variance
The difference between the actual cost of materials and the standard cost, multiplied by the quantity of materials purchased.
Variable Manufacturing
Costs in manufacturing that change in proportion to the volume of production, such as materials and labor.
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