Examlex
Which of the following is not likely to be a cause of rapid evolution in a population?
Ending Inventory
The total value of goods available for sale at the end of an accounting period or fiscal year.
Variable Costing
An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, excluding fixed manufacturing overhead.
Net Operating Income
The profit realized from a business's operations after subtracting operating expenses from operating revenues.
Absorption Costing
A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.
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