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Unit Product Cost
The total cost attributed to producing one unit of product, including direct materials, direct labor, and allocated manufacturing overhead.
Net Operating Income
A company's income after operating expenses have been deducted, but before deducting interest and taxes.
Variable Costing
An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, with fixed overhead expenses charged against income in the period they are incurred.
Variable Costing
A methodology in accounting that includes only fluctuating production costs (such as direct materials, direct labor, and variable manufacturing overhead) in the pricing of items.
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