Examlex
If a catalyst is added to a chemical reaction, the equilibrium yield of a product will be ____, and the time taken to come to equilibrium will be ____ than before.
Product Costs
These are costs that are directly associated with the creation of a product, including direct materials, direct labor, and manufacturing overhead.
Period Costs
Expenses incurred by a business that are not directly tied to the production process and are charged to the period in which they occur.
Variable Cost
Expenditures that are directly correlated with the volume of production or output level.
Manufacturing Overhead
All manufacturing costs that are not direct materials or direct labor, including expenses related to running the factory.
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