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Locate the following places by reference number on the map:
The Middle East During the Persian Gulf Crisis, 1990-1991
-____ Kuwait
Variable Costing
A costing method that includes only variable costs—direct materials, direct labor, and variable manufacturing overhead —in the cost of a product.
Fixed Manufacturing Overhead
Costs that do not vary with the level of production or sales, such as rent, salaries of permanent staff, and equipment depreciation.
Product Cost
The total cost associated with producing goods, including raw materials, labor, and overhead costs.
Variable Costing
A costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in unit product costs.
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