Examlex
Which of the following statements is incorrect?
Fixed Component
A cost that does not change with the level of goods or services produced by the business, such as rent or salaries.
Variable Cost
Variable costs are expenses that vary directly with the level of production or sales volume.
Target Profit
The predetermined amount of income that a company aims to achieve in a specific period.
Fixed Component
The part of total costs in a business that remains constant regardless of the level of production or business activity.
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