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CFLs consist of two main components: a gas-filled tube (also called a bulb) and an electronic ____________________.
Standard Cost Variances
The differences between the expected (standard) costs of goods or services and the actual costs incurred.
Contribution Margin Ratio
A financial metric indicating the percentage of each sales dollar that contributes to covering fixed costs and generating profit.
Common Fixed Costs
Costs that do not change in total regardless of changes in the level of activity or volume of output and are shared among multiple products or departments.
Accounting Records
Documents and books that systematically record all financial transactions of an entity, providing a foundation for financial statements and tax returns.
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