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Suppose that telemarketers are not unionized.If they unionize,then the supply of labor in other sectors of the economy
Period Cost
Expenses directly tied to time that are not directly tied to the production process, such as administrative expenses.
Variable Costing
A costing method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.
Period Cost
Expenses that are not directly tied to the production process and are expensed in the period they are incurred, such as selling and administrative expenses.
Variable Costing
A costing method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in unit product costs.
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