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What are two areas of prominent study in organizational behaviour/human resources?
Absorption Costing
A cost calculation method within accounting that assimilates all expenses incurred during manufacturing, covering direct materials, direct labor costs, and all overheads, whether fixed or variable, into the product’s price.
Income Statement
A financial statement that shows a company's revenue and expenses over a specific period, detailing net profit or loss.
Variable Manufacturing Costs
Costs that change in proportion to the level of production output, such as raw materials and direct labor costs.
Absorption Costing
An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overheads - in the cost of a product.
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