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Discuss the three justifications for having community alternatives to standard prosecution.
Selling Price
The amount of money a customer pays to buy a product or service.
Total Job Cost
The total cost associated with producing a specific job, including materials, labor, and overhead costs.
Unit Product Costs
The cost assigned to a single unit of product, encompassing direct materials, labor, and overhead.
Markup
The difference between the cost of a good or service and its selling price, expressed as a percentage of the cost.
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