Examlex
Between sessions, clients are often given things to work on. These are known as:
Controlling
The process of monitoring, comparing, and correcting activities to meet organizational goals and objectives, often part of managerial accounting.
Work in Process Inventory
Inventory that includes all the materials, labor, and overhead costs for products that are in the process of being manufactured but are not yet complete.
Direct Materials
Raw materials that directly become a part of a finished product and can be easily traced to the product.
Manufacturing Overhead
All indirect costs associated with the production process, including utilities, rent, and salaries of support staff.
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