Examlex
Aristotle argues that one need not have friendships to live a good life.
Equivalent Units
A term used in cost accounting to express the amount of unfinished goods in terms of complete units of output.
Direct Materials
Direct materials are raw inputs that are directly consumed in the manufacturing process of a product and can be directly attributed to that product.
Direct Labor
The labor cost of workers directly involved in the production of goods or services.
Process Costing
An accounting methodology that traces and accumulates direct costs, and allocates indirect costs, of a manufacturing process, costing each process separately.
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