Examlex
The SmartArt object shown above depicts a ________ diagram.
Direct Materials
These are the raw materials that are directly incorporated into a finished product.
Prime Cost
The combined direct costs of raw material and labor that are directly associated with the production of a product.
Discretionary Fixed Costs
Those fixed costs that arise from annual decisions by management to spend on certain fixed cost items, such as advertising and research.
Committed Fixed Costs
Expenses that a company has to pay regardless of its level of production or sales, such as leases and long-term contracts, which cannot be easily changed in the short term.
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