Examlex
When rejecting a job applicant, it is best to explain specifically why that individual was not selected.
Per Unit
A term referring to expressing or measuring amounts for each single item or instance.
Variable Costing
A pricing strategy that incorporates only variable manufacturing expenses such as direct materials, direct labor, and variable factory overhead into the cost of products.
Absorption Costing
A method of cost calculation that takes into account all expenses related to manufacturing, such as direct materials, direct labor, and all overheads, whether fixed or variable, in determining a product's cost.
Production Cost
The total cost of materials, labor, and overheads incurred in the production of goods or services.
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