Examlex
Source amnesia refers to
Absorption Costing
A technique in cost accounting that incorporates all costs of production, including fixed and variable, into the valuation of inventory and cost of goods sold.
Variable Costing
An accounting method that includes only variable production costs as product costs, treating fixed manufacturing overhead as an expense of the period in which it is incurred.
Unit Product Cost
The total cost associated with producing a single unit of a product, including direct materials, direct labor, and allocated overhead.
Absorption Costing
A method of inventory costing that includes all manufacturing costs, both variable and fixed, in the cost of a finished product.
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