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Pleasant memories are most likely to be evoked by exposure to
Variable Costing
A pricing approach that incorporates only variable production expenses—such as direct materials, direct labor, and variable manufacturing overhead—into the cost of products.
Absorption Costing
A costing method that assigns all manufacturing costs, both fixed and variable, to products.
Net Income
The total earnings of a company after subtracting all expenses from revenue.
Variable Costing
A costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of a product.
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