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What differences exist between cliques and crowds?
Variable Costing
An accounting method that only includes variable costs, such as materials and labor, in the cost of goods sold and excludes fixed overhead costs.
Direct Costing
A method in managerial accounting that includes variable costs directly attributable to the production of a product in the cost of goods sold, excluding fixed costs.
Full Costing
An accounting method that includes all direct and indirect costs in the price of a product or service.
Carrying Cost
The total costs associated with holding inventory or assets, including storage, insurance, and taxes.
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