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When leaders make decisions alone without involving employees in the decision making process,they are using
Manufacturing Overhead
Expenses related to the manufacturing process that are not directly tied to the production of goods, such as utility costs, maintenance, and factory rent.
Relevant Range
The range of activity within which the assumptions about variable and fixed cost behaviors are valid for a specific operation or business scenario.
Average Costs
The total cost of production divided by the total quantity produced, often used to determine profitability at various levels of output.
Product Costs
Product costs are the costs directly associated with the production of goods, including direct materials, direct labor, and manufacturing overhead.
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