Examlex
Americans have freedom to build the kind of relationship they desire. This freedom creates:
Direct Labor Hour
A measure of labor input, which is the time spent by workers directly manufacturing a product.
Direct Materials
Direct materials are raw materials that are directly used in the manufacturing process of a product and are easily traceable to it.
Total Cost
The sum of all expenses incurred in the production of goods or services, including fixed and variable costs.
Job Order Cost System
An accounting system that accumulates costs by individual jobs or batches rather than processes.
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