Examlex
The pinkish hue of individuals with fair skin is the result of the crimson color of oxygenated hemoglobin
(contained in red blood cells) circulating in the dermal capillaries and reflecting through the epidermis.
Net Operating Income
A company's total earnings from its operations, excluding taxes and interest.
Absorption Costing
A cost accounting procedure that comprises adding up all expenses involved in manufacturing—direct materials, direct labor, and manufacturing overhead, both fixed and variable—to the cost of the product.
Ending Inventory
The total value of all inventory, including raw materials, work-in-progress, and finished goods, at the conclusion of an accounting period.
Variable Costing
An accounting method that only assigns variable costs to inventory, treating fixed costs as period costs.
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