Examlex
______ break(s) down words into their smallest units of meaning.
Direct Costing
An accounting method that identifies variable costs directly associated with production and excludes fixed costs from product costing.
Absorption Costing
An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.
Variable Costing
An accounting method that charges only variable production costs to units produced and treats fixed manufacturing overhead as a period expense.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company.
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