Examlex
__________ communication occurs when the receiver fully understands the intended meaning of the message.
Selling Price
The sum of money that a purchaser spends to acquire a good or service.
Absorption Costing
A strategy for calculating product costs that includes every aspect of manufacturing expenses: direct materials, direct labor, and all overhead costs, both variable and fixed.
Markup
The amount added to the cost of goods to cover overhead and profit; a percentage of cost.
Direct Labor
Labor costs directly associated with the manufacture of specific goods or the delivery of specific services, representing wage expenses for personnel involved in production.
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