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For this question,refer to the following excerpt. The newsboys' strike gathered new strength last night in a monster mass meeting held at New Irving Hall...."Kid" Blink,who has been made Grand Master Workman of the union,led the procession....The unbiased spectator last evening could not fail to be impressed with the resolute,manly fight the little fellows are making....
SPEECH OF "KID" BLINK
Dis is de time when we'se got to stick togedder like glue! But der's one ting I want ter say before I goes any furder.I don't believe in getting' no feller's papers frum him and tearin' 'em up.I know I done it.(Cries of "You bet you did!") But I'm sorry fer it.No! der ain't nuttin in dat.We know wot we wants and we'll git it....Dem 10 cents is as good ter us as to de millionaires-maybe better....We'll strike and restrike till we get it....We'll stick togedder like plaster,won't we,boys?
(The boys answered that they would.... )
Newsboys strike coverage,New York Herald-Tribune,July 25,1899
The belief expressed by "Kid" Blink in the excerpt above has the most in common with
Variable Costing
An accounting method where only variable production costs are included in product cost, with fixed overhead costs treated as period expenses.
Absorption Costing
An accounting method that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed manufacturing overhead) in the cost of a product.
Net Profit
The amount of money a company earns after deducting all its expenses, taxes, and costs from its total revenue.
Variable Manufacturing Costs
Costs that fluctuate with the level of production, including direct materials, direct labor, and variable manufacturing overhead.
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