Examlex
Match each definition with the correct word part.
--centesis
Product Cost
The total expense incurred to produce a product, inclusive of direct materials, labor, and overhead costs.
Period Costs
Costs not directly associated with the manufacturing process, recognized in the accounting period they arise.
Indirect Cost
Indirect costs are expenses not directly tied to the production of goods or services, such as overhead costs including utilities, rent, and administrative salaries.
Oil Lubricants
Substances used to reduce friction between surfaces in mutual contact, which ultimately reduces the heat generated when the surfaces move.
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