Examlex
Optical discs should be stored in a flat (horizontal) position.
Manufacturing Margin
The difference between the cost of goods sold by a manufacturing company and its total sales, reflecting the gross margin specific to manufacturing operations.
Absorption Costing
A costing method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of goods sold.
Variable Costing
An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, excluding fixed overhead.
Units Manufactured
The total quantity of products completed and ready for sale or use at the end of an accounting period.
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