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As climate changes continue to take place, anthropocentrism and mild ecocentrism can be expected to yield increasingly different results, especially for cases in which larger expanses of nature are at stake.
Absorption Costing
A method of product costing that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead.
Unit Product Cost
The total cost incurred to produce, store, and sell one unit of a product, including direct materials, labor, and overhead.
Variable Costing
A financial accounting approach that incorporates only variable production charges (direct materials, direct labor, and variable manufacturing overhead) into the cost structure of products.
Unit Product Cost
The total cost to produce one unit of a product, including direct materials, direct labor, and allocated manufacturing overheads.
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