Examlex
By convention, a swap buyer on an interest rate swap agrees to
Direct Labor Rate
The cost of wages paid to workers directly involved in the production of goods or services, often used in job costing.
Materials Markup
A pricing method where a percentage is added to the cost of materials to cover overhead and profit.
Markup Percentage
A measure of how much the price of a product or service is increased over its cost to the seller, expressed as a percentage of the cost.
Variable Product Cost
Expenses that fluctuate in direct proportion to the amount of output produced, including direct labor and raw materials.
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