Examlex
A police department that is _____ is more likely to have a victim advocacy unit.
Variable Costing
An accounting method that only allocates variable costs to inventory, treating fixed costs as expenses of the period.
Absorption Costing
A method of costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.
Operating Income
Operating income is the profit realized from a company's regular business operations, excluding deductions of interest and taxes, as well as any gains or losses from non-operating activities.
Direct Costing
A cost accounting method where only variable costs (direct materials, direct labor, variable manufacturing overhead) are included in product costs, fixed overhead costs are expensed in the period they are incurred.
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