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Flexible leaders step out of the way and let someone else take charge if necessary.
Variable Costing
An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.
Product Costs
The costs directly associated with the creation of a product, encompassing direct materials, direct labor, and manufacturing overhead.
Variable Manufacturing Costs
Costs that vary directly with the volume of production, such as raw materials and direct labor.
Manufacturing Overhead
The collective costs associated with the production process that cannot be directly traced to specific units produced, including indirect materials, labor, and other overhead expenses.
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