Examlex
The wings of a bat and a bird are examples of
Step-fixed Costs
Expenses that remain constant over a range of production but can change when production exceeds certain levels.
Inflationary Price Increase
A rise in prices across the board that is often attributed to an increase in the money supply or demand outpacing supply.
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 product.
Variable Costs
Additional costs incurred when unit production increases. Variable costs per unit usually are assumed not to vary with volume.
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