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Period Costs
Expenses that are not directly associated with manufacturing and are charged as costs during the period they occur, including general, selling, and administrative costs.
Variable Cost
A cost that varies with the level of output or sales, such as materials and labor costs.
Fixed Manufacturing Cost
Costs that do not change with the level of manufacturing activity, such as rent for a factory building or salaries of permanent staff.
Manufacturing Overhead
All indirect costs associated with the production process, like utilities and salaries for support staff.
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