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In resistance welding, ____ is applied to ensure a continuous electrical circuit and to forge the heated parts together.
Variable Costs
Costs that change in proportion to the level of production or sales activity.
Sunk Cost
A cost that has already been incurred and cannot be recovered or changed.
Period Cost
Expenses on the income statement that are not directly tied to the production of goods, including sales, administration, and other overhead costs.
Opportunity Cost
The cost of foregone alternatives, representing the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.
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