Examlex
The definition of health includes physical,mental,and social well-being because mental health and social well-being affect the physical health of the individual.
Net Profit
The total earnings of a company after subtracting all expenses, including taxes and operating costs, from its total revenues.
Variable Manufacturing Costs
Expenses that fluctuate with production output levels, including raw materials, direct labor, and utility costs directly involved in the manufacturing process.
Predetermined Fixed Overhead
A budgeted or estimated amount of fixed overhead costs, used to allocate overhead costs to products or services.
Variable Costing
A costing method that includes only variable costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of a unit of product, excluding fixed overhead costs.
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