Under absorption costing,the product unit cost consists of direct labor,direct materials,variable overhead,and ________.

Absorption Costing

A costing technique that incorporates every element of manufacturing expenditure, such as direct materials, direct labor, along with variable and fixed manufacturing overheads, into the pricing of a product.

Product Unit Cost

The total cost associated with producing a single unit of a product, including direct and indirect costs.

Direct Labor

Labor costs directly tied to the production of goods or services, such as wages of workers on the assembly line.