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The First Amendment covers the right to be free from unreasonable searches and seizures.
Variable Costing
A costing method that only includes variable costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, while fixed costs are expensed in the period they are incurred.
Absorption Costing
An accounting method that includes both variable and fixed manufacturing overhead costs in the cost of a unit of product.
Manufacturing Overhead
All indirect costs related to manufacturing, excluding direct materials and direct labor, such as factory rent, utilities, and equipment depreciation.
Absorption Costing
A method for determining the cost of a product by including all manufacturing expenses, like material costs, labor fees, and both changeable and stationary overheads.
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