Costs & Revenue. Chapter 31. Direct Costs. Costs that can be identify with each unit of production. For example, the direct costs for the fried chicken would be the costs of manufacturing it, packaging it and price of the chicken. Indirect Costs.
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The income received from the sale of a product
Total income from the sale of all unit of the product=quantity x price
Selling price of a product less variable costs per unit
Total revenue less total variable costs of producing it