The total __________ of running a business include both fixed and variable components
Costs
The company reached its __________ point after selling 10 000 units- covering all production and operational costs
Breakeven
The company made several __________ to suppliers and service providers last month
Disbursements
Wood,steel, and plastic are examples of __________ used to manufacture goods
Raw materials
The security guards and maintenance staff in a manufacturing plant are considered __________ because they do not directly contribute to production
Indirect labor
Interest on loans and bank charges are examples of __________ that impact the company's profits
Financial expenses
The company’s __________ includes raw materials, products in process, and finished goods stored for future sales
Inventory
The factory has several __________ that are not yet fully completed and need additional assembly
Products in process
The __________ include all the components that contribute to the cost of manufacturing, such as labor, materials, and overhead
Elements of a product
The ___________________- processes and ships thousands of packaged goods daily to destinations worldwide
Cargo Factory
The __________ of producing one unit include raw materials and direct labor
Direct costs
The business made large __________ of raw materials to reduce overall costs
Purchases
The factory workers who assemble the products are part of __________, as their wages are directly tied to production
Direct labor
The electricity, rent, and depreciation of equipment are considered __________ because they are not directly tied to a specific product
Indirect costs
The company spent a lot on advertising and commissions, which are categorized as __________
Sales expenses
Salaries for office staff and legal fees fall under __________ since they are not directly tied to production
Administrative expenses
Once the production process is complete, the __________ are ready to be shipped to retailers
Finished products