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In what 1972 case did the court rule that an attorney must be provided in all criminal cases where the penalty includes imprisonment?
Product Cost
The total cost of manufacturing or purchasing a product, including raw materials, labor, and overhead expenses.
Per Unit
A term referring to expressing or measuring amounts for each single item or instance.
Variable Costing
A pricing strategy that incorporates only variable manufacturing expenses such as direct materials, direct labor, and variable factory overhead into the cost of products.
Absorption Costing
A method of cost calculation that takes into account all expenses related to manufacturing, such as direct materials, direct labor, and all overheads, whether fixed or variable, in determining a product's cost.
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