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MATCHING
-A small, superscript number used with a footnote
Variable Production Costs
Costs that vary directly with the level of production, such as raw materials and direct labor expenses.
Variable Costing
An accounting method which only includes variable costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.
Unit Product Cost
The cost assigned to a single unit of a product, incorporating all relevant expenses involved in its production.
Gross Margin
The difference between revenue and cost of goods sold, which indicates how much the company earns from its core business activities before overhead costs.
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