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What is the purpose of a fulcrum?
Variable Costs
Expenses that change in proportion to the level of production or sales activity, such as raw materials and direct labor.
Break-even Sales
The amount of revenue needed to cover total costs, resulting in neither profit nor loss.
Variable Costs
Costs that vary in proportion to the level of activity or volume of production in a business.
Break-even Point
The break-even point is the point at which total costs and total revenues are equal, meaning the business is neither making a profit nor a loss.
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