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Is education the swiftest method to eliminate poverty.Explain.
Absorption Costing
An accounting method that includes all manufacturing costs - direct materials, labor, and both variable and fixed overhead - in the cost of a product.
Net Operating Income
An entity’s income after all operating expenses have been deducted from total revenue, excluding taxes and interest charges.
Variable Costing
A costing method in which fixed manufacturing overhead is not assigned to the product, but rather treated as an expense of the period.
Absorption Costing
is an accounting method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a product.
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