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In order to generate a _____ sample,Pam selected every 10th name off of the registrar's alphabetical list of all students at her university.All of the students at the university represent the _____ and Pam used the _____ sampling technique.
Variable Costing
An accounting method that includes only variable production costs (materials, labor, and overhead) in the cost of goods sold, treating fixed costs as period expenses.
Absorption Costing
An accounting method that captures all the manufacturing costs, including both fixed and variable costs, associated with producing a specific product.
Fixed Manufacturing Overhead
Costs associated with manufacturing that do not vary with the level of production, such as rent, salaries of supervisors, and depreciation of factory equipment.
Variable Costing
An accounting method that includes only variable production costs--such as materials, labor, and overhead--in the cost of a unit of product.
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