Examlex
Which of the following sets of terms do NOT belong together?
Operating Income
Earnings from a company's core business operations, excluding expenses and revenues from investments and other non-operational activities.
Variable Costing
An accounting method that only allocates variable production costs to products, excluding fixed costs.
Absorption Costing
A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.
Operating Income
The profit realized from a business's core operating activities, excluding costs and revenues from non-operating activities.
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