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To apply a quick style, click the Quick Styles button in the Format group. ____________________
Scrap Value
The estimated resale value of an asset after its useful life is over and it is deemed to no longer be usable for its intended purpose.
Contribution Margin
The difference between sales revenue and variable costs of a product, indicating how much contributes towards covering fixed costs and earning profit.
Fixed Costs
Expenses that do not change with the level of production or sales over a short period, such as rent, salaries, and insurance.
Marginal Costs
The additional cost incurred from producing one additional unit of a product or service.
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