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Which of the following are included in gross income?
Fixed Cost
Costs that do not vary with the level of production or sales, such as rent, insurance, and salaries of permanent staff.
Relevant Range
The range of activity within which the assumptions about fixed and variable cost behavior are valid.
Activity Level
A measure of the volume of production or operations, which can affect the costs and efficiency of manufacturing processes.
Factory Overhead
Refers to all indirect manufacturing costs, including but not limited to utilities, maintenance, and depreciation related to the production process.
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