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Variable Costing
An accounting method in which fixed manufacturing overhead costs are not allocated to products, affecting stock valuation and profitability reporting.
Manufactured Quantity
Manufactured quantity refers to the total number of units produced by a company during a specified period.
Absorption Costing
A financial recording technique that encompasses all production expenses, such as raw materials, direct labor, and variable as well as fixed overheads, into the pricing of a product.
Operating Income
Profit generated from core business operations, excluding expenses such as taxes and interest.
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