Examlex
The burndown chart is a Scrum created artifact that provides a list of features prioritized by business value.
Sunk Costs
Costs that have already been incurred and cannot be recovered or altered by future actions.
Sunk Cost
Refers to money that has already been spent and cannot be recovered, which should not influence future business decisions.
Standard Cost Formula
A predetermined cost of manufacturing a single unit or a number of product units during a specific period under normal conditions, used for budgeting and cost control.
Total Cost
The aggregate amount of all costs involved in producing a product or delivering a service, including direct materials, labor, and overhead expenses.
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