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In the text, Akers and Sellers discuss different ways of classifying criminological theories. Identify two of these classification schemes, and discuss their usefulness in organizing criminological data.
Common Fixed Costs
Costs that remain unchanged in total for a given time period, despite variations in activity level.
Variable Costing
An accounting method that includes only variable costs—costs that change with production level—in product costs, excluding fixed manufacturing overhead.
Absorption Costing
An accounting method that includes all direct and indirect manufacturing costs in the cost of a product.
Product Costs
Expenses directly tied to the production of goods or services, including materials, labor, and overhead costs.
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