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Perform the indicated operations and simplify the result. Leave the answer in factored form.
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Variable Costs
Costs that vary directly with the level of production or service delivery.
Fixed Costs
Expenses that do not change with the level of output or sales, such as rent, salaries, and insurance.
Fixed Cost
A cost that does not vary with the level of output or sales, such as rent, salaries, and insurance premiums.
Overhead Cost
Indirect expenses related to the operation of a business, such as rent, utilities, and administrative salaries, that are not directly tied to the production of goods or services.
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