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Briefly Explain the Two Kinds of Directories on the Web

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Briefly explain the two kinds of directories on the Web.


Definitions:

Costing Method

An accounting approach used to determine the cost of production or operation, such as FIFO, LIFO, or average cost method.

Absorption Costing

A method of accounting for costs in which all costs of manufacturing a product, including fixed and variable overheads, are absorbed by the products produced.

Fixed Overhead

Regular, ongoing costs incurred by a business that do not vary with production levels, such as rent, salaries, and insurance.

Period Cost

A financial term referring to costs that are not directly tied to the production process and are expensed in the period in which they are incurred.

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