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Product Cost
The total expense incurred to produce and deliver a product to the market, including materials, labor, and overhead costs.
Radio Commercial
An advertisement that is broadcasted on the radio to promote goods, services, or ideas to a wide audience.
Selling Expense
Costs incurred directly and indirectly in making sales, including advertising, sales staff salaries, and commissions, but not the cost of goods sold.
Period Cost
Expenses that are not directly tied to the production process and are expensed in the period in which they occur.
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