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The double-blind procedure involves
Variable Costing
An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product cost calculations, excluding fixed overhead.
Unit Product Cost
The total cost (both fixed and variable) to produce a unit of product, often used in pricing and decision-making processes.
Absorption Costing
A product costing approach within accounting that captures the entirety of manufacturing costs—direct materials, direct labor, and overheads, whether they are variable or fixed.
Variable Costing
A costing approach that solely incorporates variable manufacturing expenses such as direct materials, direct labor, and variable manufacturing overhead into the costs per unit of product.
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