Examlex
Berlitz used the following internal resource to develop the Berlitz Method of language learning
Fixed Overhead Expensed
The practice of charging fixed overhead costs to the income statement in the period they are incurred, rather than allocating them to products.
Inventories
Properties or goods meant for selling in regular business activities, under production for sale, or as resources and supplies for consumption during the production phase or while delivering services.
Step-Down Method
An accounting method used in cost allocation that sequentially allocates service department costs to other departments, including production ones.
Support Department
A division within an organization that provides essential services or support to the primary operations or profit centers.
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