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What things could be in this list? Directions: Choose a single everyday product. This could be a food item, a beauty item, or even a
What things could be in this list?
Directions: Choose a single everyday product. This could be a food item, a beauty item, or even a luxury item. Create a list of raw materials and other direct costs that are used to make the product and write them in the proper column on the handout below. Then, create a list of fixed costs that are incurred by an organization but do not increase depending on the number of units produced to make the product and write them in the proper column on the handout below. From your lists, write down all direct and indirect costs that are fixed (do not change over the course of a production cycle) and all variable costs (the more an organization produces, the cost increases). Fixed: Variable Step by Step Solution
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