Examlex
A reliable cost accounting system is necessary for accurate pricing. The traditional method of product costing, where the costs of direct materials, direct labor, and factory overhead are included in a finished product's total cost is called ________.
Service Charge Expense
Service charge expense refers to fees charged for specific services provided, often recognized as an expense in accounting records.
Accounts Receivables
Sums due to a company from its clients for products or services provided but not yet compensated for.
Factor
A financial intermediary that purchases receivables from businesses, providing them with immediate cash flow.
Sale of Receivables
The process of selling outstanding invoices to a third party in order to receive immediate payment.
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