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Because of the tidal force between Earth and the Moon,
Differential Costs
The difference in total cost between two alternatives, instrumental in decision-making processes.
Fixed Costs
Outlays that stay the same no matter the production or sales figures, encompassing rent, wages, and insurance.
Variable Costs
Costs that vary directly with the level of production or volume of output, such as materials and labor.
Manufacturing Overhead
Every cost related to the manufacturing process that isn't direct labor or direct materials expenses.
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