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The Articles of Confederation failed to give the federal government
Variable Cost
Expenses that change in proportion to the amount of goods produced or the volume of services provided.
Variable Costing
A costing approach in which only variable manufacturing costs are product costs, and fixed manufacturing costs are period costs (expenses).
Absorption Costing
A costing approach in which all manufacturing costs are charged to the product.
Variable
An element, feature, or factor that is subject to change, often used in financial analysis, statistics, and scientific research.
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