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Marginal utility can be thought of as
Variable Costing
An accounting method that only considers variable costs (costs that change with production volume) when calculating the cost of goods sold and in the determination of profitability.
Absorption Costing
An accounting method that includes all direct and indirect manufacturing costs in the cost of a product.
Net Income
Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.
Variable Costing
An accounting method that includes only variable production costs (materials, labor, and variable overhead) in product cost calculations, excluding fixed overhead.
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