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The Eurozone is a flexible exchange rate system.
Net Operating Income
A measure of a company's profitability, calculated by subtracting operating expenses from gross profit.
Variable Costing
A costing method that includes only variable production costs (material, labor, and overhead) in the cost of manufactured goods, treating fixed overhead costs as period expenses.
Unit Product Cost
The total cost to produce one unit of product, including direct materials, labor, and allocated overhead.
Net Operating Income
The profit calculated after all operating expenses are subtracted from total revenue but before interest and taxes are deducted.
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