Examlex
Which of the following would be a reason an organization would choose to use a programming language to create an information system from scratch?
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.
Contribution Margin
The amount of revenue remaining after deducting variable costs, which can be used to cover fixed costs and contribute to profit.
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