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In the first millennium BCE, one consequence of the newfound mobility of mounted horsemen was
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The earnings a company has generated during a particular period, not taking into account future liabilities or investments.
Variable Costing
A costing method that includes only variable production costs (materials, labor, and overhead) in product costs, excluding fixed overhead expenses.
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The calculation of the total cost of producing a product or providing a service divided by the number of units produced or serviced.
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Products that have completed the manufacturing process but have not yet been sold or distributed to end users.
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