Examlex
Which of the following theories is NOT considered as one of the needs theories?
Cost of Goods Sold
The immediate expenses linked to the creation of products sold by a business, encompassing both materials and labor costs.
Job Costing
A cost accounting method used to track costs to a specific job or project, allowing companies to calculate its profitability.
Process Costing
A costing methodology used in manufacturing where costs are allocated to products based on the processes they go through.
Bill of Materials
A bill of materials is a comprehensive list of raw materials, components, and instructions required to construct, manufacture, or repair a product or service.
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