Examlex
Financial statements provide limited information for external users to ascertain the necessary information upon which to base decisions. What are other sources in which companies can disclose financial information to external users?
Variable Costing
A costing method that includes only variable manufacturing costs - direct materials, direct labor, and variable manufacturing overhead - in the cost of goods sold.
Absorption Costing
In this method of accounting, the price of manufacturing a product is calculated by summing the costs of direct materials, direct labor, and all manufacturing overheads, variable and fixed alike.
Fixed Manufacturing Overhead
The total of all costs related to manufacturing that do not change with the level of production, such as salaries of managers and rent of the factory.
Divisional Segment Margin
The profit margin for a specific division or segment of a company, calculated by subtracting direct and allocated expenses from segment revenues.
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