Examlex
The use of Manchester encoding is a form of synchronization.
Absorption Costing
A method of accounting for the total cost of production, including fixed and variable costs, to value inventory.
Variable Costing
A method of accounting that exclusively accounts for variable production expenses—direct materials, labor directly assigned to production, and variable manufacturing overhead—when calculating the cost of products.
Absorption Costing
An accounting method that includes all manufacturing costs, both fixed and variable, in the cost of a product, required for external reporting in many jurisdictions.
Ending Inventory
The total value of all unsold goods still available in stock at the end of an accounting period.
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