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Describe the conditions that occur when blood calcium is above normal and below normal levels.
Absorption Costing
A method of costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.
Variable Costing
An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, excluding fixed overhead from inventory valuation.
Fixed Overhead
Recurring operating expenses that remain relatively constant regardless of the level of production or business activity.
Net Income
The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.
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