Examlex
Why do farmers add organic matter in the form of dead plants to the soil?
Cost of Goods Sold
Cost of goods sold (COGS) is the direct costs attributable to the production of the goods sold in a company, including materials and labor costs.
Total Manufacturing Costs
The complete sum of expenses related to producing goods, including labor, materials, and overhead.
Cost of Goods Manufactured
The total cost incurred by a company to produce goods in a specific period, including materials, labor, and overhead.
Overhead Account
An accounting category used to record all indirect costs associated with the production process, such as utilities, rent, and administrative expenses.
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