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On the way to work on the bus one morning, Martin was worrying about a personal problem and failed to notice that the bus was pulling into a stop. Since he had not braced himself, he fell against Victor, injuring Victor's eye with his briefcase. Martin has committed the tort of battery.
Job Order Cost
The cost calculated for a specific customer order, taking into account direct labor, direct materials, and allocated overhead.
Process Cost Systems
Accounting systems used to apply costs to similar products that are mass-produced in a continuous fashion.
Direct Labor
The wages of employees who are directly involved in the production of goods or services.
Overhead Costs
Expenses related to the general operation of a business that are not directly tied to the production of goods or services, such as utilities and administrative salaries.
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