Examlex
What are the seven functional cost groups associated with selling?
Departments
Distinct areas within an organization, each focusing on a specific aspect of the business operation, such as finance, marketing, or human resources.
Products
Goods or services offered by a business to the market.
Product Costs
The costs incurred by a company to manufacture or acquire a product which include materials, labor, and overhead.
Direct Materials
Raw materials that are directly traceable to the production of a specific good or service.
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