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Isotopes are atoms of the same element that differ in their
Period Costs
Expenses not directly tied to production activities, usually administrative, selling, and other non-manufacturing costs.
Incurred Costs
Expenses that have been recognized or recorded, reflecting costs that have been realized in the conduct of business activities.
Manufacturing Overhead Cost
This represents all indirect costs associated with the production process, excluding direct materials and direct labor.
Relevant Range
The range of activity within which the assumptions about fixed and variable cost behaviors hold true, often used in budgeting and planning.
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