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Exhibit 2-3
The number of sick days taken (per month) by 200 factory workers is summarized below.
-Refer to Exhibit 2-3. The cumulative percent frequency for the class of 16 - 20 is
Direct Labor
The wages and salaries paid to workers directly involved in the production of goods or provision of services.
Individual Units
Individual Units refers to discrete or separate items, especially in contexts where products, housing, or inventory are considered on a per-unit basis.
Process Costing Systems
A costing method used in manufacturing where costs are assigned to processes or departments for mass-produced goods.
Work in Process Inventory
Items that are in the production process but are not yet completed, representing one of the stages in the production cycle.
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