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The health and environmental concerns caused by the breakdown of the ozone layer include:
Contribution Margin
The amount by which sales revenue exceeds variable costs, used to cover fixed costs and contribute to profit.
Incremental Manufacturing Cost
The additional costs incurred to produce an additional unit of product, including materials, labor, and overheads.
Product Costs
Product costs are the costs directly associated with the production of goods, including direct materials, direct labor, and manufacturing overhead.
Period Costs
Expenses that are not directly tied to the production of goods, such as administrative and selling expenses, and are expensed in the period they are incurred.
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