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Under the bail system, accused people are allowed to deposit money or credit with the court to obtain a release from jail while awaiting trial.
Unit Product Cost
The total cost, including materials, labor, and overhead expenses, divided by the total number of units produced.
Absorption Costing
Absorption costing is a method in accounting that includes all manufacturing costs - both direct and indirect - in the cost of a product.
Variable Costing
An accounting method where only variable production costs are included in product costs, with fixed overhead treated as a period cost.
Net Operating Income
A monetary measurement that determines an organization's profit by deducting operational costs from its operational revenue.
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