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Fixed Manufacturing Overhead
Regular, unchanged costs incurred during the manufacturing process, regardless of the level of output.
Variable Costing
A costing method that only includes variable production costs in product costs, excluding fixed manufacturing overhead.
Net Operating Income
The profit generated from a company's day-to-day operations, excluding investment and financing transactions.
Operations
Refers to the day-to-day activities necessary for a business to function, including production, inventory management, and logistics.
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