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What Is Replication of a Study

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What is replication of a study?


Definitions:

Direct Labor

The labor costs directly tied to the production of goods or services, which can be directly attributed to specific units of production.

Direct Materials

Raw materials directly traceable to the production of goods, considered a variable cost.

Overhead Cost

Indirect costs related to the general operation of a company, such as rent, utilities, and administrative salaries, not directly tied to the production of goods or services.

Incremental Cost

The additional cost associated with producing one extra unit of production or conducting an activity.

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