Examlex
What is guanxi?
Direct Materials
Key substances exclusively used in the generation of specific products or execution of services.
Period Cost
Costs that are expensed in the period in which they are incurred, typically related to selling, general, and administrative activities rather than production.
Selling and Administrative Expense
The combined total of all expenses directly related to the selling of products and the administration of a business.
Direct Materials
Raw materials that can be directly traced to the production of a specific product and are an integral part of the finished product.
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