A Paragraph Can Be Centered So That the Text Is

question 75

True/False

A paragraph can be centered so that the text is aligned to both the left and right borders.

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Definitions:

Variable Costs

Outlays that fluctuate according to the amount of production or volume of sales.

Flexible Budget Performance Report

A report comparing actual operating results to a budget that adjusts with changes in the volume of activity.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue is contributing to fixed costs and profit.

Fixed Budget

A budget that remains constant, regardless of changes in the volume of activity, sales, or other factors.