Examlex
Which of the following suggestions comes from OSHA?
Direct Labor-Hours
The total hours worked by employees directly involved in the manufacturing process or providing a service, used in calculating labor costs.
Inventory Accounts
Inventory accounts are financial accounts used to track the quantities and costs of products a company holds for sale in the normal course of business.
Standard Cost
Predetermined or estimated costs used for cost control and decision making in manufacturing.
Actual Prices
The real prices at which goods and services are sold, differing from list or nominal prices.
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