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The four kinds of reinforcement contingencies are positive reinforcement, negative reinforcement, punishment, and extinction.
Fixed Manufacturing Overhead
The portion of total manufacturing overhead costs that remains constant regardless of the level of production or activity volume.
Raw Material
Fundamental substances utilized during the manufacturing process to create products.
Standard Cost System
An accounting system that uses cost estimates for material, labor, and overhead to assign costs to products and analyze variances.
Fixed Manufacturing Overhead Rate
A consistent charge per unit of production or period that allocates the total fixed manufacturing overhead costs.
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