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Solve the system for x and y using Cramer's rule. Assume a and b are nonzero constants.
Absorption Costing
An accounting method that includes all manufacturing costs, both variable and fixed, in the cost of producing each unit of a product.
Variable Costing
An accounting method that only allocates variable costs to the inventory; fixed manufacturing overhead is expensed as incurred.
Cost Structure
The composition of a company's costs, both fixed and variable, that are incurred in the operation of its business.
Variable Costing
An accounting method that only considers variable costs - costs that change with production volume - in calculating the cost of goods sold.
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