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Colleen and LaVonne are playing darts.Colleen throws her dart into the center of the target,and LaVonne throws his dart into the outer ring.In an analogy to vision,Colleen would have been likely to hit a _____,and LaVonne would have been likely to hit a _____.
Fixed Costs
Costs that do not change with the level of output or sales, such as rent, salaries, or insurance premiums.
Cost-volume-profit Chart
A graphical representation that shows the relationships between an organization's costs, sales volume, and profits, used for making strategic business decisions.
Total Fixed Cost
The sum of all costs required to produce any goods or services that do not change with the level of production.
Unit Contribution Margin
The difference between the selling price per unit and the variable cost per unit. It measures how much each unit sold contributes to fixed costs and profit.
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