Examlex
According to Hobbes, when I say someone has acted freely I'm:
Product Cost
The expenses incurred to create a product, including direct materials, direct labor, and manufacturing overhead.
Direct Materials
Raw materials that can be directly traced to the manufacturing of a product.
Period Cost
Costs that are expensed in the period in which they are incurred, as opposed to being capitalized or included in the cost of goods sold.
Depreciation
The systematic allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value due to wear, tear, or obsolescence.
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