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SIOP is Division 14 of the
Selling Price
The amount of money charged to the customer for a product or service.
Variable Manufacturing Costs
These are costs that vary directly with the level of production output, including expenses like raw materials and variable labor costs.
Fixed Manufacturing Overhead
Costs that do not vary with the level of production output and include expenses such as rent, property taxes, and salaries for permanent staff.
Selling Price
The amount a buyer pays to acquire a product or service from a seller.
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