Under Absorption Costing,the Product Unit Cost Consists of Direct Labor,direct

question 55

Short Answer

Under absorption costing,the product unit cost consists of direct labor,direct materials,variable overhead,and ________.

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Definitions:

Spending Variance

The difference between the budgeted or standard cost of something and the actual amount spent, often analyzed in budgeting and cost management.

Budgeting Formulas

Mathematical expressions used in the preparation of budgets to estimate future costs, revenues, and resources requirements.

Revenue Variance

The gap between what was expected in revenue and what was actually earned.

Budgeting Formulas

Mathematical expressions used to forecast and plan financial outcomes based on various inputs and assumptions.