Examlex
What is your primary need in forming a relationship?
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.
Variable Costing
An accounting method that includes only variable costs - costs that change with production levels - in product cost calculations.
Net Operating Income
It refers to the profit generated from a company's ordinary, core business operations after subtracting operating expenses from operating revenues.
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