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Process Manufacturing, Also Called Process Operations or Process Production, Is

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Essay

Process manufacturing, also called process operations or process production, is the ___________ production of products in a _____________________ flow of steps.


Definitions:

Average Variable Cost

Total variable costs divided by the quantity of output, showing the variable cost per unit of output.

Marginal Cost

The price to produce an additional unit of a product or service.

Total Costs

The total expense of manufacturing that encompasses all constant and fluctuating costs.

Average Variable Cost

The cost of labor and materials divided by the quantity of output, representing the variable cost per unit of production.

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