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Science does not involve
Incremental Manufacturing Cost
Refers to the additional cost incurred for producing one more unit of a product.
Contribution Margin
The amount remaining from sales revenue after all variable expenses have been deducted, indicating how much revenue is available to cover fixed costs and generate profit.
Direct Manufacturing Cost
The sum of all the costs directly associated with the production of a good, including raw materials and direct labor.
Indirect Manufacturing Costs
Costs related to production that cannot be directly traced to specific products, such as maintenance and utilities.
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