Examlex
All of the following are levels of Kohlberg's moral development EXCEPT:
Variable Costing
A costing method that includes only variable production costs in the cost of goods sold and treats fixed manufacturing overhead as a period expense.
Absorption Costing
A method of accounting that encompasses the total manufacturing expenses, including direct materials, direct labor, along with both variable and fixed overhead costs, as part of a product's cost.
Net Operating Income
Earnings before interest and taxes (EBIT), measuring a company's profitability from its operations.
Variable Costing
A costing method that includes only variable production costs in product costs, treating fixed costs as period expenses.
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