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Automatism is classified as a defence because the behaviour is involuntary.
Variable Costs
Expenses that change in proportion to the activity of a business.
Fixed Overheads
Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance costs.
Estimated Total Cost
An approximation of the total cost associated with a project or production, including all relevant expenses.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels, making it more useful for controlling costs and planning.
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