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1.Why is each of the following good legal advice
-Discipline should be administered in a consistent fashion
Variable Costs
Expenses that change in proportion with the level of business activity or production volume, such as raw materials and direct labor costs.
Target Income
The desired profit level that a company aims to achieve within a specific period, often used in budgeting and financial planning.
Contribution Margin
The amount of revenue remaining after subtracting variable costs, used to cover fixed costs and generate profit.
Mixed Costs
Expenses that have both a fixed and variable component, changing in total with the level of activity but also including a constant element.
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