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Under what conditions is an object weightless?
Net Operating Income
The profit generated from a business's normal core operations, excluding deductions of interest and taxes.
Variable Costing
An accounting method that only includes variable production costs—direct materials, direct labor, and variable manufacturing overhead—in product cost.
Unit Product Cost
Unit product cost is the total expense incurred to produce, assemble, and prepare a single unit for sale, encompassing both direct costs and allocated overheads.
Absorption Costing
An accounting method that includes both variable and fixed manufacturing costs in the cost of a product, used for external reporting.
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