Examlex
RAM stands for
Variable Cost
Costs that change in proportion to the level of production or business activity, such as materials and labor.
Variable Cost
Costs that vary in direct proportion to changes in levels of production or business activity, such as materials and labor.
Fixed Cost
A cost that does not change with the volume of sales.
Fixed Costs
Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and loan payments.
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