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Short job cycles require large investments in worker training.
Irrelevant Costs
Costs that should not be considered in decision-making because they will not be affected by the decision.
Direct Fixed Manufacturing Costs
Costs that are directly attributable to the production process and do not vary with the level of output but remain constant within a specific time period.
Component
A part or element of a larger system, device, or piece of equipment that is essential to its function.
Variable Expenses
Costs that change in relation to the level of activity or volume of production.
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