Examlex
The tubercle found on the neck of a rib articulates with a facet found on the
Direct Labor-hours
The total hours worked directly on manufacturing a product or providing a service, used as a basis for allocating labor costs in product costing.
Quantity Standard
Pre-determined measure set for the amount of input that should be used in producing a unit of output.
Standard Cost System
A cost accounting system that uses estimated costs for inventories and cost of goods sold rather than historical costs, facilitating budgeting and variance analysis.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor directly used to create the product.
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