Examlex
Fill in the table below with the direction of the variables that change in response to the events in the first column.
Unit Fixed Expenses
These are expenses that do not change with the level of production or sales within a certain range and are calculated per unit of product.
Absorption Costing
An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - as part of the cost of a finished unit of product.
Variable Costing
A costing method that includes only variable costs—those that change with production volume—in product pricing and decision-making.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold in a company, including material and labor costs.
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