Examlex
__________consist of two or more computer-controlled machines or robots linked by automated handling devices such as transfer machines, conveyors, and transport systems.
Absorption Costing
An accounting method that includes all direct costs and overhead costs related to the production of a specific product.
Product Costs
Expenses directly attributable to the creation of a product, including material, labor, and overhead costs.
Variable Costing
A costing method that only includes variable production costs in product costs, treating fixed manufacturing costs as period expenses.
Product Costs
Costs that are directly tied to the production of goods, including raw materials, direct labor, and manufacturing overhead.
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