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If there is a shortage in the market for automobiles, then
Direct Materials Cost
The expense associated with the raw materials directly used in the production of a product.
Cost Behavior Classifications
The categorization of costs based on how they change in relation to changes in a company’s level of activity or volume.
Activity Base
A measure upon which the allocation of costs is based in activity-based costing, often relating to a metric that causes costs to occur such as machine hours or labor hours.
Cost Behavior
The way in which costs change in relation to variations in an organization’s activity level.
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