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The normal times for basic,generic micro motions developed by an outside organization in a laboratory-type environment are referred to as
Monthly Fixed Cost
Regular expenses that do not vary with production level or sales volume, incurred on a monthly basis.
Variable Manufacturing Cost Per Unit
The total variable costs involved in manufacturing a product, divided by the number of units produced.
Overhead Cost
Expenses related to the operation of a business that cannot be directly tied to a specific product or service, such as rent and utilities.
Setups
The process or cost of configuring machinery or equipment to change from producing one product to another.
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