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Figure 4-4
-In Figure 4-4,E represents the
Cost Of Goods Manufactured
The total production cost of goods completed during a specific accounting period, including labor, materials, and overhead.
Automated
Refers to a method or process completed with minimal human intervention, often using digital or mechanical systems.
Cost Structure
The composition and proportion of fixed and variable costs that a business incurs, influencing its profitability and pricing strategies.
Variable Costs
Expenses that adjust in proportion to the amount of production or the intensity of business operations.
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