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A key objective of the __________ is to repair the damage done to the victim and the community by an offender's criminal act. It states that the criminal justice system should promote a peaceful and just society; the system should focus on peacemaking rather than on punishing offenders.
Variable Costing
An accounting method that includes only variable production costs (materials, labor, and overhead) in the cost of goods sold, treating fixed costs as period expenses.
Absorption Costing
An accounting method that captures all the manufacturing costs, including both fixed and variable costs, associated with producing a specific product.
Fixed Manufacturing Overhead
Costs associated with manufacturing that do not vary with the level of production, such as rent, salaries of supervisors, and depreciation of factory equipment.
Variable Costing
An accounting method that includes only variable production costs--such as materials, labor, and overhead--in the cost of a unit of product.
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