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Provide a short answer to each of these questions. Be sure to fully explain your answer.
-Discuss the previous assumption that global trade would expand continually, the effect of the global economic crisis, and the implications of those events.
Absorption Costing
A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.
Salespeople Salaries
The total amount paid to employees who are responsible for selling a company's products or services.
Variable Costing
An accounting method that only considers variable costs for product costing, excluding fixed manufacturing overhead.
Absorption Costing
A costing method that includes all manufacturing costs — direct materials, direct labor, and both variable and fixed manufacturing overhead — in the cost of a product.
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