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Variable Costing
A cost accounting method that only includes variable production costs in the cost of goods sold, excluding fixed manufacturing overhead.
Net Operating Income
A measure of a company's profitability, calculated as the difference between its total revenue and its total operating expenses, excluding taxes and interest.
For The Month
A time-based reference indicating that an action, report, or measurement pertains to the duration of a specific month.
Variable Costing
An accounting method that includes only variable production costs in the cost of goods sold and treats fixed production costs as period expenses.
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