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_____ was a cognitive theorist.
Variable Costing
An accounting method that only assigns variable costs to inventory, with fixed manufacturing overhead expenses charged to expense as incurred.
Variable Costing
An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.
Absorption Costing
A bookkeeping approach that encompasses all production expenses, including both constant and fluctuating costs, in the price of a good.
Unit Cost
The calculated cost assigned to a single unit of product or service, comprising all variable and fixed costs.
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