Examlex
The optimistic perspective of environmental problems holds that many environmental problems do not exist, but are propagated by environmentalists as scare tactics.
Direct Labor Cost
The total cost incurred by a company for the wages of workers who are directly involved in the manufacturing or production process.
Absorption Costing
A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overheads - in the cost of a product.
Variable Costing
An accounting method that only includes variable production costs (direct labor, direct materials, and variable manufacturing overhead) in product costs.
Unit Product Cost
The total cost (both variable and fixed) associated with producing a unit of product.
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