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Mixed Cost
Expenses that have both a fixed and variable component, changing with the level of activity.
Variable Cost
Costs that vary directly with the level of production or with the volume of output.
Fixed Cost
Expenses that do not change with the level of production or sales volume, such as rent, salaries, and insurance premiums.
Contribution Margin Technique
A method used to evaluate how sales affect net income or profits, calculated as sales revenue minus variable costs.
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