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Bacteria
Relevant Range
The span of activity levels within which the assumptions made about cost behavior in cost-volume-profit analysis remain valid.
Average Costs
The total costs (fixed and variable) divided by the total output production, giving a per unit cost of production.
Fixed Manufacturing Cost
The portion of total manufacturing costs that does not change with the level of production, such as rent, insurance, and salaries of permanent staff.
Production Costs
Expenses associated with manufacturing a product including labor, materials, and overhead.
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