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Overproduction
The creation of more products or goods than are needed, leading to excess inventory and potential waste.
Variable Costing
An accounting approach that solely accounts for variable production expenses like direct materials, direct labor, and variable manufacturing overhead in the calculation of product costs.
Limitations
The constraints or restrictions that hinder a process, investigation, or analysis.
Break-even
The point at which total costs and total revenue are equal, meaning there is no net loss or gain, and the company has "broken even" on an investment or product.
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