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The dependent variable is the variable that is being described,predicted,or controlled.
Variable Manufacturing Costs
Costs that vary directly with the level of production output, including expenses like raw materials and hourly labor costs.
Managerial Decision-making
The process by which managers analyze options and make determinations regarding the best courses of action for the organization.
Relevant Costs
Relevant Costs are those costs that will be affected by a decision in a specific situation, including future costs that may vary or change as a result of the choice.
Sunk Cost
A cost that has already been incurred and cannot be recovered.
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