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Variable Cost Percentage
The ratio of variable costs to sales, used to assess how costs change in relation to changes in a business's sales volume.
Fixed Costs
Costs that do not fluctuate with the level of production or sales, such as rent, insurance, and salaries.
Sales Dollars
The total monetary value of sales transactions completed within a specific period.
High-Low Method
A technique used in managerial accounting to estimate fixed and variable costs associated with production.
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