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Mixed Cost
A cost that contains both variable and fixed cost elements, changing in total with changes in activity level but not in the same proportion.
Variable Costs
Expenditures that adjust in alignment with production levels or sales quantities, notably including labor and raw materials.
Fixed Costs
Costs that do not vary with the level of production or sales activities, such as rent, salaries, and insurance premiums.
Mixed Costs
Expenses that have both fixed and variable components, changing in total with the level of activity but not proportionally.
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