Examlex
Match the term with the definition.
-System of inheritance in which land was divided equally among sons. By the eighteenth century, this practice in Massachusetts had subdivided plots of land into units too small for subsistence, forcing children to move away to find sufficient farmland.
Variable Costs
Expenses that fluctuate with changes in production output, such as raw materials, packaging, and labor directly involved in producing a product.
Allocated General Overhead
The portion of indirect costs that have been assigned to a specific product, department, or project.
Special Equipment
Custom or unique machinery or tools developed or acquired for specialized production or operational processes.
Fixed Manufacturing Overhead
The portion of manufacturing overhead costs that do not change with the level of production, such as salaries of supervisory staff and depreciation of factory equipment.
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