[Solved] What term is commonly used to describe the concept whereby the cost of manufactured products is composed of direct materials cost,direct labor cost,and variable factory overhead cost? A) Absorption costing B) Differential costing C) Standard costing D) Variable costing Liberals: Individuals or groups who advocate for progressive political views, emphasizing individual rights, equality, and democracy. Pornography: Materials that depict erotic behavior and are intended to cause sexual excitement. Teenage Sex: Sexual activities involving individuals within the teenage years, often entailing various societal and health considerations. White-Collar Workers: Refers to employees who perform professional, managerial, or administrative work in an office environment, typically requiring higher education and involving mental or clerical work rather than physical labor.