Examlex
What process occurs when oxygen is directed out of the arteries and into the capillaries?
Variable Costing
A method of costing that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of a unit of product.
Absorption Costing
An accounting method that includes all manufacturing costs - direct labor, direct materials, and overhead - in the cost of a product.
Net Operating Income
A company's revenue minus its operating expenses, not including taxes and interest.
Fixed Manufacturing Overhead
The total of all production costs that do not change with the level of production output, such as salaries of managers, rent, and property taxes.
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