Examlex
What are alleles?
Sales
The total amount of income generated by the selling of goods or services by a company during a certain period.
Manufacturing Costs
Refers to the total expenses incurred in the process of producing a product, including raw materials, labor, and overhead costs.
Variable Costing
An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, treating fixed costs as period expenses.
Absorption Costing
An accounting method that includes all manufacturing costs (direct costs, fixed, and variable overheads) in the cost of a product.
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