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Why do Uranus and Neptune appear bluish?
Actual Output
The real quantity of goods or services produced by a business during a specific period.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels, allowing more accurate budgeting and variance analysis.
Relevant Range
The range of activity within which assumptions about variable and fixed cost behavior are valid.
Variable Cost
Costs that vary directly with the level of production output or volume, such as raw materials and direct labor.
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