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Good leaders motivate workers and create the environment for workers to motivate themselves.
Activity Bases
Criteria or units of measure used to allocate costs in activity-based costing, reflecting the extent to which cost drivers are used or consumed.
Total Variable Cost
The sum of all costs that vary directly with the level of production or output.
Fixed Cost Per Unit
The total fixed costs of production divided by the number of units produced, decreasing as production volume increases.
Relevant Range
The level of activity within which the assumptions about fixed and variable costs in cost-volume-profit analysis remain valid.
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