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What does congestive heart failure refer to?
Variable Costs
Costs that vary directly with the level of production or sales volume, such as raw materials and direct labor.
Budgeted Net Income
The projected net income for a future period, based on expected revenues and expenses.
Variable Expenses
Expenses directly linked to the volume of output, adjusting in accordance with business activity levels.
Fixed Expenses
Recurring costs that do not vary with the level of production or sales, such as rent, salaries, and insurance.
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