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What is the hydrologic cycle?
Contribution Margin
The amount remaining from sales revenue after all variable expenses have been deducted, indicating how much revenue is available to cover fixed costs and generate profit.
Direct Manufacturing Cost
The sum of all the costs directly associated with the production of a good, including raw materials and direct labor.
Indirect Manufacturing Costs
Costs related to production that cannot be directly traced to specific products, such as maintenance and utilities.
Contribution Margin
The margin between the income from sales and the costs that vary, pointing out the contribution towards absorbing fixed charges and producing profits.
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