Examlex
In the course of an interview, the interviewer asked the candidate the origin of his name, whether he was married, and what year he graduated high school. These are all inappropriate questions.
Absorption Costing
A strategy in accounting where the cost of a product encompasses all the production expenses: direct materials, direct labor, and manufacturing overheads, regardless of them being fixed or variable.
Net Operating Income
An indicator of a firm's earnings derived solely from its principal business activities, without accounting for interest and tax expenses.
Last Year
Refers to the previous calendar or fiscal year.
Absorption Costing
A method of costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.
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