Examlex
A unique student ID number could be used as a _________, whereas a student's last name would not be suitable because two students might have the last name.
Absorption Costing
An accounting method that includes all manufacturing costs in the cost of a product, including fixed and variable costs.
Variable Costing
A costing method that includes only variable production costs (materials, labor, and overhead) in product costs.
Net Operating Income
This represents the total profit of a company after subtracting operating expenses, excluding taxes and interest.
Variable Costing
An accounting method that considers only variable costs as product costs, with fixed costs treated as period costs.
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