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Fully automated systems do not need to be monitored by humans.
Absorption Costing
An accounting method that includes all manufacturing costs — direct materials, direct labor, and both variable and fixed manufacturing overhead — in the cost of a product.
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Absorption Costing
An accounting method 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 vary with production level—in the calculation of unit cost.
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