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Variable
An element, feature, or factor that is likely to vary or change; in scientific experiments, this is the factor being tested or measured.
Product Cost
Product cost refers to the total expenditure incurred to create a product, including direct materials, direct labor, and manufacturing overhead.
Period Cost
Expenses on a company's income statement that are not directly tied to the production of goods or services and are expensed in the period they are incurred.
Manufactured Products
Items that have undergone a manufacturing process, transforming raw materials into finished goods for sale.
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