Examlex
What are the three versions of online catalogs?
Unit Product Cost
The total cost incurred to produce, package, and place a product ready for sale, divided by the number of units produced.
Absorption Costing
An accounting method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed overhead—in the cost of a product.
Unit Product Cost
The calculation of the total cost (including materials, labor, and overhead) to produce a single unit of a product.
Variable Costing
A costing method in which all variable manufacturing costs are included as inventoriable costs, while fixed manufacturing overhead is treated as an expense of the period.
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