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How are geothermal power and ocean thermal power similar?
Full Costs
The complete cost of producing an item or providing a service, including direct, indirect, fixed, and variable costs.
Profitable
Describes a business or activity that generates more revenue than it spends in costs, resulting in a financial gain.
Variable Costing
A costing method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in product costs.
Finished Goods Inventory
The completed products that are ready to be sold but have not been sold yet.
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