Examlex
A period of time in which the overall business activity is falling is known as
Indirect Labor
Workers or labor costs that support the production process but are not directly involved in the creation of the product.
Supplies
Items or materials used in the production process or in the operation of a business.
Fixed Overhead Volume
refers to the portion of fixed overhead costs that is associated with the production volume, used in calculating efficiency and profitability.
Standard Machine-Hours
A measure used in manufacturing to allocate costs to products based on the estimated number of hours the machinery is used.
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