Examlex
A smart TV is a television that contains an embedded computer that enables you to access web-based content.
Cost of Goods Manufactured
The total cost incurred to produce products during a specific period, including costs of direct materials, direct labor, and manufacturing overhead.
Direct Materials
Basic materials that are directly involved in the creation of a product and form a crucial part of the completed item.
Cost of Goods Sold
The immediate expenses linked to creating a company's sold products, encompassing both materials and wages.
Net Income
The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.
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