Examlex
An example of expenditure classification by character would be:
Direct Labor-Hour
A measure of the amount of time spent by direct labor workers on a specific job or task, often used to allocate labor costs in job-order costing.
Manufacturing Overhead Budget
A financial plan that estimates the indirect costs associated with manufacturing, including utilities, salaries, and maintenance.
Direct Labor-Hour
A measure of the labor directly involved in manufacturing or service provision, calculated in hours.
Variable Overhead Rate
A rate that fluctuates with changes in production levels or business activity, applied to allocate variable overhead costs to products or services.
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