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Intermediate sanctions are sanctions that:
Variable Costing
An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in the cost of goods sold and treats fixed manufacturing overhead as a period cost.
Year 1
Often refers to the first year of a business or financial operation, used as a baseline for comparing future performance or growth.
Fixed Manufacturing Overhead
The portion of manufacturing overhead costs that remain constant regardless of the level of production, such as property taxes on factory buildings or salaries of production supervisors.
Deferred
Costs or revenues that are recognized at a future date rather than when initially incurred or received.
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