Examlex
Echolocation
Direct Labor
Costs attributed to the work performed by employees who directly contribute to the manufacturing or production of goods, such as wages of assembly line workers.
Process Costing System
An accounting methodology used to allocate production costs to products based on the process they go through.
Production Departments
These are specialized areas within a manufacturing facility where specific sets of operations or tasks are carried out to produce goods.
Job Order Cost Cards
Documents or electronic records that track the expenses related to a specific job or order, including direct labor, direct materials, and allocated overhead costs.
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