Examlex
____________________-the use of intelligent software to find subtle patterns that may not be evident otherwise-is often used with data warehouses and data marts to identify patterns and relationships between data.
Variable Costing
A method of costing that includes only variable production costs in product costs, treating fixed manufacturing overhead as a period cost to be charged against revenue in the period incurred.
Absorption Costing
A strategy in accounting that involves incorporating costs related to manufacturing, including direct materials, direct labor, and variable and fixed overheads, into the price point of a product.
Production Cost
The total expense incurred in manufacturing a product, including materials, labor, and overhead.
Absorption Costing
A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead in the cost of a product.
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