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Fixed Cost
A periodic cost that does not vary with production volume or sales.
Variable Costs
Costs that change in proportion to the level of production or sales in a business.
Contribution Rate
The percentage of income that is saved or contributed to a retirement plan by an individual or employer.
Fixed Costs
Fixed costs are business expenses that remain constant regardless of the level of production or sales. Examples include rent, salaries, and insurance premiums.
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