Examlex
A good way to know what fields you will need is to think of what reports you might need later.
Fixed Overhead
Costs that do not change with the level of production activity, such as rent, salaries, and insurance.
Operating Income
Earnings from a company's core business operations, excluding expenses and revenues from non-operational activities like investment income.
Absorption Costing
A costing method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a product.
Manufacturing Margin
The difference between the sales revenue of manufactured goods and the direct costs associated with producing them.
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