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Cost of Goods Sold
The direct costs related to the production of the goods that a company sells, including materials and labor.
Indirect Manufacturing Cost
Costs that are not directly traceable to specific units produced, such as utilities or rent for manufacturing facilities.
Relevant Range
The scope of activity within which the assumptions about fixed and variable cost behaviors hold true.
Direct Costs
Expenses that can be directly attributed to the production of specific goods or services.
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