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Mixed Costs
Costs that contain both a variable- and a fixed-cost element and change in total but not proportionately with changes in the activity level.
Fixed Costs
Expenditures such as rent, salaries, and insurance that are unaffected by changes in production or sales volumes.
Contribution Margin
The amount by which a product's sales price exceeds its total variable costs, indicating the contribution towards covering fixed costs and generating profit.
Cost Of Goods Sold
The total cost of merchandise sold during the period.
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