Examlex
What physical and chemical processes transform lignite to bituminous coal?
Variable Costs
Expenses that fluctuate directly with changes in production volume, such as raw materials and direct labor.
Capacity
The maximum level of output that a company can sustain to make a product or provide a service under normal conditions.
Absorption Costing
A financial recording technique that incorporates all costs associated with manufacturing (such as direct materials, direct labor, along with variable and fixed overhead expenses) into the product's cost.
Variable Costing
An accounting method that includes only variable costs - costs that change with production levels - in product costs.
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