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Unit Product Cost
Unit product cost is the total cost associated with producing one unit of a product, including all variable and fixed costs.
Direct Labor Cost
The total expense a company incurs for employees who work directly on the manufacturing or production of products.
Variable Costing
An accounting method that only allocates variable costs to inventory, treating fixed costs as expenses of the period.
Unit Product Cost
The total cost (direct materials, direct labor, and manufacturing overhead) divided by the number of units produced, representing the cost per individual unit.
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