Examlex
Match the terms with their correct meanings.
-Swallowing
Variable Cost
Expenses that change in direct proportion to the amount of goods or services produced.
Fixed Cost
Expenses that do not change with the level of production or sales, such as rent, salaries, and loans.
Conversion Cost
The expenses directly related to the transformation of raw materials into finished goods, including labor and manufacturing overhead costs.
Manufacturing Overhead
Indirect costs associated with manufacturing, such as maintenance, utilities, and quality control, not directly traceable to a specific product.
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