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What was the immediate consequence of the Japanese attack on Pearl Harbor on December 7,1941?
Absorption Costing
Absorption costing is an accounting method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a product.
Net Operating Income
A measure of a company's profitability from its core business operations, excluding deductions of interest and taxes.
Absorption Costing
A costing method that includes all manufacturing costs - both fixed and variable - in the cost of a product.
Net Operating Income
The total profit of a company after operating expenses are subtracted from gross profit but before taxes and interest are deducted.
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