Examlex
In general, ____.
Unit Variable Cost
The cost associated with producing one additional unit of a product, excluding fixed costs.
Fixed Cost
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.
Profit
The difference between the amounts received from customers for goods or services provided and the amounts paid for the inputs used to provide the goods or services.
Direct Materials Cost
The expense associated with raw materials directly incorporated into a finished product.
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