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Explain the expectancy theory of motivation.
Variable Manufacturing Costs
Costs that fluctuate directly with the level of production output, such as the costs of raw materials and direct labor.
Selling Price
The amount a company charges for its product or service, which can impact demand, revenue, and profitability.
Direct Materials
Raw materials that can be directly identified with the production of specific goods or services.
Variable Cost
Costs that vary directly with the level of production or volume of operations.
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