Examlex
Match the function with its graph.
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Actual Variable Costs
Expenses that vary directly with the level of production or sales volume.
Planned Variable Costs
The forecasted variable expenses that change in proportion to the activity of a business.
Budgeted Activity Level
An estimate of the amount of production, sales, or other activity for a particular period, used for budgeting and planning processes.
Static Budget
A fixed budget that does not change or adjust in response to variations in business activity levels throughout the budget period.
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