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Countries with surpluses in their balance of payments frequently do not want to see their currencies ________ because it makes their goods ________ expensive abroad.
Net Operating Income
The income earned from the primary activities of a business, not including expenses from interest and taxes.
Absorption Costing
An accounting method that includes all manufacturing costs (variable and fixed) in the cost of a product.
Unit Product Cost
Unit product cost is the total cost associated with producing one unit of a product, including all variable and fixed costs.
Direct Labor Cost
The total expense a company incurs for employees who work directly on the manufacturing or production of products.
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