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Show the figure drawn by connecting points A(-3, 1), B(4, -5), C(5, -1), and D(-2, 5) is a parallelogram (opposite sides parallel and equal in length).
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.
Operating Expenses
Costs associated with the day-to-day operations of a business, excluding production costs but including items like rent, utilities, and payroll.
Net Income
The total profit of a company after all expenses, including taxes, cost of goods sold, and operating expenses, have been deducted from total revenue.
Variable Costing
Another perspective: A costing methodology that treats only those costs that vary with production level as product costs, emphasizing the impact of fixed costs on profitability.
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