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What extremely harsh tactic did the British use to end their war with the Boers in South Africa?
Absorption Costing
An accounting method that includes all manufacturing costs (both fixed and variable) in the cost of a product.
Operating Income
Earnings from a company's core business operations, excluding expenses and revenues from investments and other non-operational activities.
Variable Costing
An accounting method that only allocates variable production costs to products, excluding fixed costs.
Absorption Costing
A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.
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