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An essential personal characteristic that includes our traits and membership in various social groups is referred to as
Absorption Costing
An accounting method that includes both variable and fixed manufacturing costs in the cost of a product.
Net Operating Income
The profit realized from a business's operations after subtracting operating expenses but before deducting taxes and interest.
Variable Costing
A cost accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs and treats fixed manufacturing overhead as a period expense.
Net Operating Income
The profit a company makes after deducting operating expenses but before interest and taxes from its total revenue.
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