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Variable Manufacturing Costs
Costs that vary directly with the level of production output, including materials, labor, and overhead expenses that change as production levels change.
Selling Price
The amount a seller charges for a product or service, determined by costs, market conditions, and competitive pricing.
Contribution Margin
The amount by which the sales price of a product exceeds its variable costs, used to cover fixed costs and generate profit.
Selling Price
The amount of money for which a product or service is sold to customers, determined by costs, market demand, and competition.
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