Examlex
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Unit Product Cost
The total cost associated with producing one unit of a product, including direct materials, direct labor, and overhead costs.
Year 2
Typically refers to the second year of a specific timeframe, such as a company's fiscal year or a multi-year study.
Variable Costing
A costing method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in the cost of a product.
Unit Product Cost
The total cost (both direct and indirect) allocated to a single unit of product, used in setting prices and assessing profitability.
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