Examlex
List the four major categories of consumer products.
Maintenance Cost
Expenses incurred in keeping property, equipment, or machinery in efficient operating condition, including both preventive and corrective measures.
Relevant Range
The span of activity levels within which the assumptions made about cost behavior in cost-volume-profit analysis remain valid.
Average Costs
The total costs (fixed and variable) divided by the total output production, giving a per unit cost of production.
Fixed Manufacturing Cost
The portion of total manufacturing costs that does not change with the level of production, such as rent, insurance, and salaries of permanent staff.
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