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Fixed Manufacturing Cost
The portion of total manufacturing costs that does not change with the level of production, such as rent, insurance, and salaries of permanent staff.
Production Costs
Expenses associated with manufacturing a product including labor, materials, and overhead.
Activity Levels
The degree of operations or the volume of work performed in a specific period, affecting various costs and operational strategies.
Manufacturing Overhead
The indirect costs of production, such as utilities and maintenance, that are not directly tied to specific products.
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