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Cost of Goods Sold
Expenses directly associated with producing goods a company sells, entailing labor and material costs.
Standard Cost Variances
The differences between actual costs and standard costs in manufacturing, divided into categories such as materials, labor, and overhead.
Administrative Expenses
Overhead or general expenses related to the day-to-day operations of a business that are not directly tied to a specific project.
Fixed Manufacturing Overhead
The consistent, non-variable costs associated with manufacturing products, such as salaries and rent for factory premises.
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