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What is the meaning of defecation?
Production Cost
The total expense involved in manufacturing a product or providing a service, including raw materials, labor, and overhead costs.
Variable Costing
An accounting method that only includes direct variable costs in product cost calculations, excluding fixed manufacturing overhead.
Absorption Costing
An accounting practice that includes every cost associated with manufacturing, like direct materials, direct labor, and variable as well as fixed overhead expenditures, in determining a product's cost.
Units Produced
A measure of the total number of complete units manufactured or completed in a given period.
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