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Direct Labor Cost
The total cost of labor directly involved in the production of goods, including wages and benefits for the workers on the production line.
Variable Costing
An accounting technique that considers only variable costs - those that vary with production levels - when calculating the cost of producing goods.
Net Operating Income
The earnings a business retains following the subtraction of operational costs, not including interest and taxes.
Net Operating Income
The financial gain a company receives from its essential business operations, prior to the removal of interest and tax costs.
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