Examlex
In a multitiered network:
Direct Labor Dollars
The total cost of workforce labor that is directly involved in the manufacturing or production of goods and services.
Finished Goods Inventory
The total value of all completed products that are ready for sale at the end of an accounting period, part of a company's current assets.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly used to create the good.
Material
Substantial or significant; in accounting, referring to an amount that would influence the decision of an informed user.
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