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What are the three basic structures and how can they be used?
Financial Reporting
The process of disclosing financial information and statements by businesses to shareholders and the public.
Variable Cost
Charges that adjust in line with the production levels or the quantity of sales.
Fixed Cost
Expenses that do not change with the level of production or sales over a short period, such as rent, salaries, or insurance.
Activity Level
A measure of the volume of production or operation activity that influences costs, used in variable costing to adjust for changes in operating scale.
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