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Discuss the relationship between counseling skills and documentation as related competencies.
Fixed Costs
Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, and insurance premiums.
Total Fixed Costs
Expenses that do not change with the level of production or sales over a short period, including rent, insurance, and salaries.
Activity Level
In cost accounting, this refers to the volume of production or operations, impacting variable costs and potentially influencing budgeting and performance measures.
Contribution Margin
The contribution margin is the difference between sales revenue and variable costs, showing how much revenue contributes to fixed costs and profit.
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