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Basal metabolic rate
Variable Costing
An accounting method in which costs vary in proportion to the volume of output; this includes direct materials, direct labor, and variable manufacturing overhead.
Operating Income
The profit realized from a business's core operations, excluding expenses related to financing and investments.
Absorption Costing
An accounting method that includes all manufacturing costs (direct and indirect) in the cost of a product.
Variable Costing
An accounting method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of goods sold.
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