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What alkaliphile do pink flamingos eat, and how is it involved in making the flamingo pink?
Variable Costing
An accounting method that considers only variable costs as product costs and treats fixed costs as period costs.
Direct Costing
An accounting method that identifies variable costs directly associated with production and excludes fixed costs from product costing.
Absorption Costing
An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.
Variable Costing
An accounting method that charges only variable production costs to units produced and treats fixed manufacturing overhead as a period expense.
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