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The elaboration likelihood model (ELM) states that there are two basic routes to persuasion, the central route and the peripheral route. In case of the peripheral route to persuasion:
Cost Per Equivalent Unit
The total production cost divided by the number of equivalent units produced, used to assign costs in process costing.
Materials Cost
The cost of materials directly used in the production of goods.
Process Costing
An accounting methodology used in manufacturing where costs are applied to a batch of products rather than individual items, suitable for homogeneous products.
Ending Work
Refers to the final stages or completion of tasks or projects in a given period.
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