Examlex
Job cost sheets supporting a normal job-order costing system contain entries for actual direct material,actual direct labour,and actual manufacturing overhead cost incurred in completing a job.
Price Ceiling
A maximum legal price that can be charged for a good or service, aimed at preventing prices from becoming too high.
Equilibrium Price
The market price at which the quantity of a good demanded equals the quantity supplied, leading to no excess supply or shortage.
Abolished
Refers to formally putting an end to a system, practice, or institution.
Government Involvement
Refers to the activities and interventions by the government in the market to regulate or support economic operations and social policies.
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