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To survive and thrive (i.e., to be healthy), cells need an environment, a(n) ____________________, that has (1) water, the most abundant substance in the body; (2) food stuffs, in the form of glucose, amino acids, and fatty acids; and (3) oxygen.
Variable Manufacturing Overhead
The portion of overhead costs that varies with production volume, including utilities and indirect labor expenses related to manufacturing.
Fixed Manufacturing Overhead
Costs in manufacturing that do not vary with the level of production output, such as salaries of managers and depreciation of factory equipment.
Machine-Hours
A metric for the amount of time a machine is operational, typically used in manufacturing processes.
Fixed Costs
Costs that do not vary with the level of production or sales over a short period, such as rent, salaries, and insurance.
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