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You train your dog, Atticus, to salivate at the sound of a bell. Then you ring the bell every 5 minutes and don't follow the ringing with food for Atticus. He salivates less and less and finally stops salivating at all when the bell rings. But the next morning, when you ring the bell, Atticus salivates! What term is used to explain the reappearance of this response?
Standard Costs
Predetermined or estimated costs to perform an operation or produce a good, used as benchmarks against actual costs.
Direct Labor
Direct labor relates to the work of employees who are directly involved in the production of goods or services.
Fixed Manufacturing Overhead
Indirect production costs that remain constant regardless of the level of production, such as rent, property taxes, and insurance.
Variances
The differences between planned or expected financial outcomes and the actual financial outcomes.
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