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Cost of Goods Sold
This is the direct costs attributable to the production of the goods sold by a company.
Direct Costs
Expenses that can be directly attributed to the production of specific goods or services, such as raw materials and labor.
Incremental Manufacturing Cost
The additional costs incurred to produce an extra unit of output, including additional materials, labor, and overhead expenses.
Relevant Range
The scope of operations where the premises regarding variable and fixed cost dynamics hold true.
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