Examlex
Which of the following is a characteristic of zero-based budgeting?
Gallons
A unit of volume for liquid measures, used primarily in the United States, equal to four quarts or approximately 3.785 liters.
Standard Costs
Predicted costs for performing a task under normal conditions, used for budgeting and measuring performance.
Work in Process
Inventory consisting of items that are in the production process but are not yet completed, indicating partially finished goods.
Direct Labor
The labor costs directly associated with the manufacture of products or delivery of services.
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