Examlex
Match each table-related term with its description.
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Markup
The amount added to the cost price of goods to cover overhead and profit.
Selling Expenses
Costs incurred directly from the sale of goods or services, including advertising, sales commissions, and the salaries of sales staff.
Total Manufacturing Costs
The complete sum of all expenses directly involved in the production of a product, including direct materials, direct labor, and manufacturing overhead.
Markup
Markup refers to the difference between the selling price of a good or service and its cost, expressed as a percentage over the cost. It is used to cover expenses and generate profit.
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