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Graph the function. Give the domain and range.
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Direct Costs
Direct costs are expenses that can be directly attributed to a specific cost object, such as materials and labor directly involved in producing a product.
Indirect Costs
Expenses not directly tied to the production of a product or service, such as rent, utilities, and administrative salaries.
Cost Object
Any item for which a separate measurement of costs is desired, such as a product, service, project, or department.
Normalised Overhead Rate
A rate calculated to allocate overhead costs uniformly throughout the production process, adjusted for variations to ensure consistency over time.
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