Identify the following rhythm (lead II): ____________________
Definitions:
Prime Cost
The sum of direct materials cost and direct labor cost, representing the direct production costs.
Cost Structure
The composition of different types of costs within a company or specific project, often categorized into fixed and variable costs.
Contribution Margin
The amount of revenue remaining after deducting variable costs, which can then be used to cover fixed costs and contribute to profit.
Product Mix
The variety of products that a company produces or sells, considering the diversity in type, size, and quality.
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