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Suppose we quote the number of Indian rupees required to purchase 1 U.S.dollar as INR 45 / USD 1.In this case, INR is referred to as:
Variable Costing
A financial recording technique that factors in only direct materials, direct labor, and variable manufacturing overhead as part of the product's costing.
Total Gross Margin
The total amount of revenue a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides.
Unit Product Cost
The total expense incurred to produce, manufacture, or acquire a product divided by the number of units.
Absorption Costing
An accounting technique that allocates all manufacturing costs to products, helping to capture the full cost of producing each item.
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