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What are the assumptions of evidence-based practice?
Variable Cost
Costs that change in proportion to the level of activity or volume of production in a business.
Contribution Margin
The amount by which the unit selling price exceeds the unit variable cost.
Fixed Costs
Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance premiums.
Variable Cost
Costs that change in proportion to the level of activity or production volume, such as materials and labor.
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