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_____ is the backbone of a computer, connecting all of its components including the central processing unit (CPU) and primary storage and providing connectors for peripheral devices such as printers, external hard drives, sound cards, and video cards.
Unit Product Cost
The cost associated with producing a single unit of product, including direct materials, direct labor, and allocated overhead expenses.
Net Operating Income
A company's operating profit after subtracting all operating expenses but before interest and taxes, reflecting the profitability of the core business activities.
Absorption Costing
A technique in accounting where all costs incurred from manufacturing, like direct materials, direct labor, and both kinds of manufacturing overhead (variable and fixed), are factored into the product's pricing.
Unit Product Cost
The total cost incurred to produce, bundle, and ready one unit for sale, including both direct and allocated overhead costs.
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