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Sam gets poor grades in school because he rarely studies.Sam's lack of studying is an example of:
Production Cost
The total expense incurred in manufacturing a product, including raw materials, labor, and overhead costs.
Fixed Overhead
Regular, unchanging expenses incurred by a company, such as rent, salaries, and insurance, that do not vary with production volume.
Cost Per Unit
The cost incurred in producing, manufacturing, or acquiring a single unit of a product or service.
Ending Inventory
The value of goods available for sale at the end of an accounting period, not yet sold.
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