Examlex
If a union chooses not to bring a grievance to arbitration,the individual union member always has the right to pursue the matter through a lawsuit to enforce union provisions.
Direct Labour-Hours
The total hours of labor directly involved in production, used to allocate costs or measure productivity.
Traditional Costing System
A cost allocation system that assigns costs to products based on an average overhead rate, without the detailed processes of activity-based costing.
Predetermined Overhead Rate
A rate used to allocate overhead costs to products or services, based on estimated activity levels.
Activity-Based Costing
A costing method that assigns costs to products or services based on the activities and resources that contribute to their production.
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