Examlex
A "_____" carries an item's brand name or symbol, the name and address of the manufacturer or distributor, information about the product's composition and size, and recommended uses.
Variable Costing
A costing method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in product cost calculation, contrasting with absorption costing that also includes fixed costs.
Product Costs
Costs that are incurred to create a product that is intended for sale to customers. This includes direct materials, direct labor, and manufacturing overhead.
Direct Labor
Costs associated with employees who are directly involved in the production of goods or the provision of services, such as wages for factory workers.
Direct Materials
Direct materials are the raw materials that can be directly traced to the production of goods.
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