Examlex
Electrical synapses are faster than chemical synapses due to the presence of gap junctions between cells.
Markup Percentage
The percentage by which the cost of a product is increased to determine its selling price.
Direct Materials
Direct materials are raw materials that are directly traceable to the manufacturing of a product and are a significant component of the total manufacturing cost.
Variable Manufacturing Overhead
Costs involved in the manufacturing process that fluctuate with the level of production, such as utility expenses or materials costs.
Absorption Costing
An accounting method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a product.
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