Which of the following is not a data problem an analyst must watch for when estimating cost behavior? Multiple Choice O Non-numeric data Mismatched time periods Discretionary costs

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Cost of Production

In economic theory, production costs are the costs incurred by an industrial organization when it engineers a project or provides a service that generates revenue and benefits. Labor costs, raw materials, consumable manufacturing costs, and general overhead sum up, accounting for production costs. Total cost data is calculated by combining total direct costs of materials, labor costs, and total production costs.