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Variable Manufacturing Cost
Costs that vary directly with the level of production output, including direct materials and direct labor expenses.
Mark-Up Percentage
The percent difference between the cost of a good or service and its selling price, used to calculate the selling price from the cost.
Contribution Margins
The amount remaining from sales revenue after variable expenses are deducted, indicating how much contributes to covering fixed costs and generating profit.
Labour Hours
The total number of hours worked by employees, used for measuring productivity or calculating costs.
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