Examlex
The unemployment that results from the process of matching workers and jobs is called structural unemployment.
Cost of Goods Sold
The expenses directly associated with manufacturing the products that a company sells.
Variances
Differences between planned or expected financial outcomes and the actual results, typically used in budgeting and performance assessment.
Standard Costs
A predetermined cost of manufacturing, distributing, or selling products or services, which is used for budgeting and assessing performance.
Manufacturing Overhead
The indirect costs associated with manufacturing, not directly assignable to a specific product, such as factory rent, utilities, and equipment maintenance.
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