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Production Volume
The amount of products a factory or plant has manufactured in a given time frame; it measures the output level of production activities.
Factory Utility Cost
The expense associated with the utilities consumed in the production process, such as electricity, gas, and water.
Mixed Cost
A cost composed of a fixed component and a variable component that changes with the level of activity or production.
High-low Method
An approach used in cost accounting to determine the variable and fixed components of a cost by analyzing the highest and lowest levels of activity.
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