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Variable Cost
Costs that vary directly with the level of production or output, including materials and labor expenses.
Incremental Manufacturing Cost
Additional costs incurred for manufacturing one more unit of a product.
Financial Reporting
The communication of financial information, such as balance sheets and income statements, to stakeholders to help in decision-making.
Contribution Margin
The differential between sales and variable costs, indicative of a product's profitability before fixed costs are subtracted.
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