Examlex
All of the following are true regarding sunspot activity except
Sunk Cost
Costs that have already been incurred and cannot be recovered, which should not affect future business decisions.
Marginal Cost
The cost incurred by producing one additional unit of a product or service.
Indirect Cost
Expenses not directly tied to the production of goods or services, such as administration, rent, and utilities.
Manufacturing Overhead
This encompasses all the indirect costs associated with the manufacturing process, including utilities, depreciation, and salaries for non-direct labor.
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