Examlex
A public is any group that has an actual or potential interest in or impact on an organization's ability to achieve its objectives.
Absorption Costing
An accounting method that includes both variable and fixed production costs in the cost of goods sold.
Total Gross Margin
A financial metric that measures the difference between revenue and the cost of goods sold, indicating the profitability of sales before deducting operating expenses.
Variable Costing
A method of inventory costing that includes only variable manufacturing costs - direct materials, direct labor, and variable manufacturing overhead - in the cost of a product.
Net Operating Income
Income from a company's operations, calculated by subtracting operating expenses from operating revenue, excluding income and expenses from non-operating activities.
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