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Which of the following has been the primary source of oxygen for the Earth's atmosphere in recent geological times?
Variable Costing
An accounting method that includes only variable production costs (direct labor, direct materials, and variable overhead) in product costs, excluding fixed overhead costs.
Absorption Costing
A ledger keeping approach in accounting that wraps all costs connected to manufacturing—expenses for direct materials, wages for direct labor, and all types of manufacturing overhead, fixed and adjustable—into a product's total cost.
Contribution Format
An income statement format that separates fixed costs from variable costs to highlight the contribution margin.
Variable Costing
An accounting method that includes only variable production costs in product costs and treats fixed production costs as period costs.
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