Examlex
____ is a principle of object-oriented programming that describes the encapsulation of method details within a class.
Total Cost of Goods Sold
The sum of all costs directly involved in producing or purchasing products sold by a company during a given period.
High-low Method
A technique used to estimate fixed and variable components of costs by analyzing the highest and lowest levels of activity.
Utilities Cost
The expenses incurred for utilities consumed by a business, such as electricity, water, and gas.
Administrative Expense
Costs related to the general management and administration of a company, not directly tied to any specific department or product.
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