Examlex
There are no restrictions on getting a Federal Reserve loan and because it is the cheapest source of short-term funds,most banks use this source of funds exclusively.
Variable Costing
A costing method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in the cost of a product.
Unit Product Cost
The total cost (both direct and indirect) allocated to a single unit of product, used in setting prices and assessing profitability.
Variable Costing
A method of inventory costing that includes only variable production costs (materials, labor, and variable overhead) in the cost of goods sold, treating fixed overhead as a period expense.
Net Operating Income
The profit a company makes after deducting operating expenses like wages, depreciation, and cost of goods sold, but before interest and taxes.
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