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Which statement regarding the ribs is not true?
Variable Costs
Expenses that vary directly with the level of production or sales volume, such as materials and labor.
Fixed Costs
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.
Unit Contribution Margin
The difference between the selling price per unit and the variable cost per unit, indicating how much each unit sold contributes to fixed costs and profit.
Variable Costs
Expenses that fluctuate directly with the volume of production or sales, such as raw materials and direct labor costs.
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