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One of the results of wave refraction is that
Manufacturing Margin
The difference between the sales income generated by manufactured goods and the cost of goods sold.
Absorption Costing
An accounting method that includes all manufacturing costs – direct materials, direct labor, and both variable and fixed overhead – in the cost of a product.
Contribution Margin
A financial metric that represents the difference between a product's sales revenue and its variable costs.
Variable Costing
A costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of a unit of product.
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