Examlex
Which of the following statements is false?
Fixed Costs
Expenses that do not change in response to the level of goods or services produced by the business, such as rent or salaries.
Operating Income
Represents the amount of profit realized from a business's operations, after deducting operating expenses such as wages, depreciation, and cost of goods sold from gross revenue.
Unit Selling Price
The price at which a single unit of a product is sold to customers.
Unit Variable Costs
The costs that vary directly with the volume of production or sales, such as materials and labor.
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