Examlex
Which of the following is a type of system documentation?
Gross Profit
The difference between sales revenue and the cost of goods sold, directly indicating the efficiency of core business activities.
Absorption Costing
A method of inventory costing that includes all manufacturing costs, both variable and fixed, in the cost of a product.
Variable Costing
An accounting method that only includes variable production costs (materials, labor, and overhead) in product cost calculations, excluding fixed costs.
Operating Income
Profit generated from a company's regular business operations, excluding expenses like taxes and interest.
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