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Describe the Battle of Bull Run. Why was there a sense of naïve optimism, and what impact did the outcome have on both sides?
Variable Costing
This is an accounting method that only includes variable costs—costs that change with production volume—in the calculation of product cost.
Total Contribution Margin
The difference between total sales revenue and total variable costs, indicating the total earnings available to cover fixed expenses and generate profit.
Variable Costing
An accounting method that only includes variable production costs (materials, labor, and overhead) in product costs, with fixed overhead expenses treated as period costs.
Net Operating Income
Net Operating Income (NOI) is a measure of a company's profitability from its core business operations, excluding expenses and revenues from financing and investing activities.
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