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f and g are functions defined by the following table.
Determine the following:
(a) (f g)(2)
(b) (f - g)( - 1)
(c) (d) (e) (f) (g) (h)
Absorption Costing
This accounting technique aggregates the total manufacturing costs—direct materials, direct labor, and both variable and fixed overheads—into the calculation of a product’s price.
Cost-plus Pricing
A pricing strategy where a fixed percentage or a fixed amount is added to the cost price to determine the selling price.
Return on Investment
A measure used to evaluate the efficiency or profitability of an investment, calculated as the net profit divided by the cost of investment.
Markup
The amount added to the cost of a product to cover expenses and generate profit, often expressed as a percentage of the cost.
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