Examlex
One might see "J2" correctly placed in the Post.Ref.column of the journal.
Variable Costing
An accounting method that includes only variable production costs in the cost of goods sold and treats fixed costs as period costs.
Contribution Margin
The difference between sales revenue and variable costs, indicating how much revenue contributes to covering fixed costs and generating profit.
Manufacturing Margin
The difference between the cost of goods sold by a manufacturing company and its total sales, reflecting the gross margin specific to manufacturing operations.
Absorption Costing
A costing method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of goods sold.
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