Examlex
When a nutrition labels states that something has "0" grams of trans fat,this might not mean there are no trans fats in the food.
Labor Cost
The total amount of financial compensation paid to employees for their work, including wages, benefits, and taxes.
Variable Manufacturing Overhead
Costs of manufacturing that change with production volume, such as utilities or indirect materials, not fixed over the short term.
Machine-Hours
A measure used in manufacturing to allocate costs to products or job orders based on the number of hours a machine is used.
Predetermined Overhead Rate
A rate used to apply manufacturing overhead costs to products, calculated before the production period begins.
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