Examlex
System software coordinates the activities of the hardware and assists the computer in functioning effectively.
Goods Manufactured
The total value of all finished goods that were produced by a company during a specific period.
Goods Sold
Refers to the total quantity of goods that have been sold during a particular period, often used interchangeably with the term 'cost of goods sold' which represents the direct costs attributable to the production of the sold goods.
Indirect Materials
Materials used in the production process but cannot be directly traced to the final product; often considered part of manufacturing overhead.
Indirect Labor
Labor costs associated with employees who do not directly contribute to the production of goods or services but support the production process, such as maintenance staff or supervisors.
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