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Variable Costs
Costs that vary directly with the level of output or production, such as materials and labor.
Fixed Costs
Expenses that do not change with the level of goods or services produced over a short period, such as rent or salaries.
Financial Break-even
The point at which a company's total revenues are exactly equal to its total expenses, resulting in neither profit nor loss.
Variable Costs
Charges that adjust in line with changes in production volume or output quantity.
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