Examlex
Simplify.
- 5ab-2ab+3
Cost Of Goods Manufactured
The total expense incurred to produce goods within a specific period, including labor, material, and overhead costs.
Manufacturing Overhead
All the indirect costs associated with the production process, including facility maintenance, utilities, and salaries of non-direct labor.
Administrative Expenses
Costs related to the general operation of a business, including salaries of non-production staff, office supplies, and legal fees.
Variable Period Cost
Costs that vary with the level of production output or sales and are incurred during a specific accounting period, like direct materials and variable manufacturing overhead.
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