Examlex
When management's decisions align with social and economic issues,the company is practicing ________.
Absorption Costing
A method of costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - as part of the cost of a product.
Variable Costing
A costing method that includes only variable production costs (direct material, direct labor, and variable manufacturing overhead) in product costs.
Net Operating Income
A company's total earnings from its operations, excluding non-operating income and expenses, interest, and taxes.
Absorption Costing
This accounting strategy entails calculating a product's cost by including all costs related to its manufacturing, comprising direct materials, direct labor, and all categories of manufacturing overhead, both variable and fixed.
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