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Net Operating Income
A monetary measurement that determines an organization's profit by deducting operational costs from its operational revenue.
Absorption Costing
A costing method that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed manufacturing overhead) in the cost of a product.
Contribution Format
A way of presenting an income statement where variable and fixed costs are shown separately, highlighting the contribution margin.
Segmented Income Statement
An income statement that divides data by segment, department, or product line to analyze each segment's financial performance.
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