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Variable Production Cost
Costs that vary directly with the volume of production, including direct materials and direct labor, and sometimes variable portions of manufacturing overhead.
Stamping Machine
A machine used in manufacturing to shape or cut materials using dies and high pressure.
Constrained Resource
A factor that limits the output of a process or system, such as a machine, worker, or material that is in short supply.
Contribution Margin
The amount remaining from sales revenue after variable expenses are deducted, indicating how much contributes to covering fixed costs and profit.
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