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Public share ownership in China remains complex.Explain.
Variable Costing
An accounting method that assigns only variable production costs to products, treating fixed costs as period costs.
Absorption Costing
An accounting method that includes all manufacturing costs (fixed and variable) in the cost of a product.
Operating Income
Income generated from regular business operations, excluding deductions of interest and taxes.
Variable Costing
A costing method that includes only variable production costs (materials, labor, and overhead) in product costs, treating fixed costs as period costs.
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