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Fixed Manufacturing Overhead
Indirect manufacturing costs that remain constant regardless of the volume of production, such as salaries of supervisors and rent for factory space.
Deferred
Describes expenses or incomes that have been incurred but not yet realized, affecting financial statements in subsequent periods.
Released
In economic or financial contexts, this term usually refers to information, products, or assets that have been made available to the public or specific markets.
Absorption Costing
In this accounting procedure, the full scope of manufacturing costs, covering direct materials, direct labor, and both kinds of manufacturing overhead—variable and fixed—is accounted for in the product's pricing.
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