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Unit Product Cost
The total cost (fixed and variable) associated with making one unit of product.
Fixed Manufacturing Overhead
Costs associated with the production process that do not vary with the level of output, such as salaries of managers or rent of the factory building.
Inventories
Materials, work in progress (WIP), and finished goods held by a company to enable production and meet customer demand.
Deferred
Deferred refers to something that is postponed or delayed to a later time, often used in the context of accounting to describe expenses or income.
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