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Which of the following statements about firewalls is wrong?
Net Operating Income
The total profit of a company after operating expenses are subtracted from gross profit but before taxes and interest are deducted.
Absorption Costing
Accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.
Unit Product Cost
The cost calculated per unit, combining all expenses including materials, labor, and overhead related to the production.
Variable Costing
A method of accounting that comprises solely of variable production expenses, such as direct materials, direct labor, and variable manufacturing overhead, in the calculation of product costs.
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