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A client must trust the clinician to be open, honest, and keep promises. When working in a group practice or facility, it is imperative the client is aware that:
Factory Overhead Cost
This rephrases "Factory Overhead" as the total expenses related to the operation of a factory that is not directly tied to a specific product or service.
Factory Burden
Another term for manufacturing overhead or factory overhead.
Managerial Accounting
The process of identifying, measuring, analyzing, and communicating financial information to managers for the pursuit of an organization's goals.
Product Costs
Expenses directly tied to the creation of products, including direct materials, direct labor, and factory overhead.
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