Examlex
Match each of the following terms with its correct definition.
-Head
Net Operating Income
A measure of a company's profitability calculated by subtracting operating expenses from operating revenues, excluding non-operating income and expenses.
Variable Costing
An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.
Unit Product Cost
The total cost incurred to produce, market, and distribute a single unit of a product.
Variable Costing
This is an accounting method that only includes variable costs—costs that change with production volume—in the calculation of product cost.
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