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A researcher is culturing several different strains of bacteria in the same petri dish. One day, he finds that all of the strains have died off except one. He continues to grow his bacteria for several weeks, and new strains develop. However, after a month he again notices that all but one of his bacterial strains have died off. This is an example of _____ selection.
Direct Material Cost
The expense of raw materials and components directly used in the production of a product.
Overhead Rate
A calculation used to allocate overhead costs to produced goods or services, often based on direct labor hours or machine hours.
Direct Labor Cost
The wages and related expenses for workers who are directly involved in the production of goods or services.
Predetermined Overhead Rate
A rate used to allocate manufacturing overhead costs to products, calculated before the period begins based on estimated overhead costs and activity levels.
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