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Fixed Costs
Costs that remain constant regardless of the amount of goods produced or sold, including expenses like rent, salaries, and insurance.
Variable Inventory Costs
Variable inventory costs fluctuate with changes in production volume, including costs like raw materials and direct labor.
Special Order
A special order refers to a one-time or unusual request from a customer to purchase goods or services that differ from a company's regular offerings, often requiring unique pricing and production scheduling.
Sales Price
The amount for which a product or service is sold to the customer.
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