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Which of the following are more effective at the S and M phases?
Variable Costing
An accounting approach that includes only variable costs—direct materials, direct labor, and variable manufacturing overhead—in product costs, excluding fixed manufacturing overhead.
Unit Product Cost
The calculated cost of producing a single unit of product, which includes both fixed and variable costs.
Total Period Cost
The entire sum of expenses incurred by a business during a specific period, including both fixed and variable costs.
Absorption Costing
An accounting method that includes all manufacturing costs (direct labor, materials, and overhead) in the cost of a product.
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