Examlex
In 1871,Charles Darwin published The Descent of Man to
Direct Labour Cost
The cost that can be directly attributed to the production of goods or services, including wages and benefits for workers who are actively involved in the manufacturing process.
Direct Material
Raw materials that are directly traceable to the manufacturing of a specific product and are an essential component of its production.
Process Costing
An accounting methodology used for homogenous products, where costs are assigned to production processes or departments and averaged over the units produced.
Cost per Unit
The cost to produce a single unit of product, calculated by dividing the total production cost by the number of units produced.
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