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Why was the development of the alternating current electric system significant?
Direct Manufacturing Cost
The sum of all the costs directly associated with the production of a good, including raw materials and direct labor.
Indirect Manufacturing Costs
Costs related to production that cannot be directly traced to specific products, such as maintenance and utilities.
Contribution Margin
The margin between the income from sales and the costs that vary, pointing out the contribution towards absorbing fixed charges and producing profits.
Variable Manufacturing Costs
Costs of production that fluctuate with the volume of output, including expenses like raw materials and direct labor.
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