Examlex
There are six general product and service categories that dominate online consumer buying today and for the foreseeable future. List them and give an example of each.
Manufacturing Margin
The difference between the sales revenue of manufactured goods and the cost of their direct materials and direct labor.
Variable Selling
Costs associated with selling a product that vary with the level of sales activity, such as commissions or shipping fees.
Administrative Expenses
These are the expenses that an organization incurs not directly tied to a specific function such as manufacturing, production, or sales.
Variable Costing
An approach to costing that accounts for just the variable costs of production, including direct materials, direct labor, and variable manufacturing overhead, in the calculation of product costs.
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