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Variable Costs
Costs that change in proportion to the level of activity of a business, such as material and labor costs.
Break-even Point
The point at which total revenues equal total costs, resulting in neither profit nor loss, indicating the minimum sales volume necessary to cover all costs.
Salary Increases
The upward adjustment or rise in an individual’s or group's pay rate, typically as a result of performance reviews, promotions, or inflation adjustments.
Break-even Point
The point at which total costs equal total revenue, indicating no profit or loss.
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