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Put the following events in order from those that occur with the greatest driving force to those that occur with the least driving force and/or have the least effect on hillside stability. 1. erosion 2. magma intrusion 3. volcanic eruption 4. liquefaction 5. earthquake
Product Cost
The total cost associated with producing goods, including raw materials, labor, and overhead costs.
Variable Costing
A costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in unit product costs.
Fixed Manufacturing Overhead
Costs that do not change with the level of production output and are essential for the manufacturing process, such as rent, property taxes, and salaries of permanent staff.
Unit Product Cost
The cost associated with producing a single unit of output, including direct materials, direct labor, and allocated overhead costs.
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