Examlex
An understanding of how your feelings, attitudes and values impact on others is known as _______-______.
Absorption Costing
This accounting approach incorporates every manufacturing expense, such as direct materials, direct labor, plus variable and fixed overhead costs, into the product's total cost.
Variable Costing
An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.
Product Costs
The costs directly associated with the creation of a product, encompassing direct materials, direct labor, and manufacturing overhead.
Variable Manufacturing Costs
Costs that vary directly with the volume of production, such as raw materials and direct labor.
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