Examlex
Match the terms with their correct meanings.
-Turning the palm downward
Absorption Costing
An accounting method that includes all direct costs and allocated overhead costs (both fixed and variable) in the cost of a unit of product.
Unit Product Cost
The total cost associated with producing one unit of product, including direct materials, labor, and overhead.
Year 2
The second year in a given timeline or series, often used in financial and performance analysis.
Absorption Costing
An approach to costing that covers all expenses involved in manufacturing, including direct materials, direct labor, and all overhead costs, both variable and fixed, in the product price.
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