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What is characteristic of physical and chemical reactions?
Total Variable Cost
The sum of all costs that vary with the level of production or sales, such as materials and direct labor.
Direct Costs
Expenses that can be directly traced to a specific cost object, such as a product, department, or project.
Incremental Manufacturing Cost
The additional cost incurred to produce one additional unit of product, including materials, labor, and overhead costs.
Production Increase
An upward adjustment or rise in the amount of goods and services produced by a company.
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