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Cost Per Unit
The total cost to produce a single unit of product, including fixed and variable costs.
Fixed Costs
Costs that do not change with the level of output or production, such as rent, salaries, and insurance premiums.
Level Of Activity
A measure of the volume of production or operations within a business, used to allocate costs or plan for capacities.
Direct Labor Cost
The total expense incurred by a company for the wages of individuals directly involved in the production of goods or services.
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