Examlex
One of the key benefits of the directive approach to strategic change initiatives is efficiency.
Direct Materials
Raw materials that can be directly attributed to the production of goods, visually identifiable in the final product.
Direct Labor
The wages and associated costs of employees who are directly involved in the production of goods or services.
Manufacturing Overhead Applied
The allocation of manufacturing overhead costs to the units produced, based on a predetermined formula.
Manufacturing Overhead Rate
The ratio of manufacturing overhead costs to the base used for allocating these costs, typically used to assign overhead costs to products.
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