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Variable Costing
An accounting method that only considers variable costs in determining the cost of products.
Variable Costing
An accounting method that only includes variable production costs (materials, labor, and overhead) in product costs, excluding fixed costs.
Unit Product Cost
The total cost to produce one unit of product, including direct materials, direct labor, and a portion of all overhead costs.
Variable Costing
A system in accounting that considers solely the changing costs associated with production (direct materials, direct labor, and variable manufacturing overhead) in the calculation of product prices.
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