Examlex
Of the following subjects in a middle-school curriculum, which combination best fits the category of "core curriculum?"
Net Operating Income
A company's revenue minus its direct costs and operating expenses, indicating the profitability from regular operations before interest and taxes.
Absorption Costing
An accounting method that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed manufacturing overhead) in the price of a product.
Net Operating Income
The profit generated from a business's normal core operations, excluding deductions of interest and taxes.
Variable Costing
An accounting method that only includes variable production costs—direct materials, direct labor, and variable manufacturing overhead—in product cost.
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