Examlex
In a control matrix the coding P-1 means:
Cost of Goods Sold
Represents the direct costs attributable to the production of the goods sold in a company, including the cost of the materials and labor directly used to create the product.
Job-order Costing
A costing method used for custom orders, where costs are assigned to specific job orders, distinguishing it from batch production.
Raw Materials
Basic substances or components that are transformed into finished goods through manufacturing or production processes.
Manufacturing Overhead
All indirect costs associated with the production of goods, including utilities, maintenance, and indirect labor, excluding direct materials and direct labor costs.
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