Examlex
Circuit switching is inefficient for most data transmission settings because few users require high data transmission capacity continuously.
Variable Operating Expense
Expenses that fluctuate in proportion to the amount of production or the volume of sales.
Sales Revenue
The income received from selling goods or services, which may include discounts and deductions for returned merchandise.
High-low Method
A method applied in cost accounting that calculates variable and fixed costs by analyzing the most and least active periods.
Variable Cost
Variable cost varies directly with the level of output, including costs such as raw materials and direct labor, adjusting according to production volume.
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