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Job-Order Costing
An accounting method used to assign costs to specific jobs or orders, tracking expenses in relation to each job's production costs.
Manufacturing Overhead
All manufacturing costs other than direct materials and direct labor, including maintenance, utilities, and depreciation of production facilities.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including materials, labor, and overhead costs, but excluding indirect expenses such as distribution costs.
Balance Sheet
Balance Sheet is a financial statement that provides a snapshot of a company's financial condition at a specific time, detailing assets, liabilities, and shareholders' equity.
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