Examlex
Short term financial guidelines in such areas as investment, cash and personnel are called:
Finished Goods
Inventory items that have completed the manufacturing process and are ready for sale to customers.
Variable Costing
A costing method that includes only variable costs—costs that change with production levels—in the calculation of unit costs.
Product Cost
The total expense involved in creating a product, including materials, labor, and overhead costs.
Production Cost
The total expense incurred in manufacturing a product, including raw materials, labor, and overhead costs.
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