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Discuss how diffusion changes culture.
Contribution Margin
Contribution margin is the amount of revenue remaining after deducting the variable costs of producing a product, indicating how much contributes to covering fixed costs and generating profit.
Variable Costs
Costs that fluctuate based on the level of a business’s activity.
Total Direct Labor Cost
The total expenses incurred from labor directly involved in the production of goods or services.
Per-unit Cost
The cost associated with producing or acquiring a single unit of a product or service.
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