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Variable Cost
Costs that vary directly with levels of production or sales volume, such as materials and labor.
Cost Structure
This refers to the types and relative proportions of fixed and variable costs that a business incurs.
Fixed Costs
are business expenses that remain the same regardless of the level of output or sales, such as rent, salaries, and loan payments.
Variable Costs
Costs that vary directly with the level of production output, including expenses like labor and material costs.
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