C.M.A. Definition

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C.M.A. means Certified Management Accountant.

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PRODUCT COST is cost of inventory on hand, also called Inventoriable Cost. They are assets until the products are sold. Once they are sold, they become expense, i.e. Cost of Good Sold (COGS). All manufacturing costs are product costs, e.g., direct material, direct labor, and factory overhead.

SECURITY STOCK see SAFETY STOCK.

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