Examlex
What is the name given to a system used to analyze financial and operating data?
Production Costs
Expenses directly and indirectly involved in creating a product, including materials, labor, and overhead costs.
Absorption Costing
An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a unit of product.
Net Income
The total profit of a company after all expenses, including taxes, have been subtracted from total revenues.
Operating Expenses
Costs associated with running the day-to-day operations of a business, excluding costs related to production or manufacturing.
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