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Select the Term That Is Spelled Correctly

question 162

Multiple Choice

Select the term that is spelled correctly.
-Fluid in the spaces between cells:


Definitions:

Actual Output

The real quantity of goods or services produced by a business during a specific period.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, allowing more accurate budgeting and variance analysis.

Relevant Range

The range of activity within which assumptions about variable and fixed cost behavior are valid.

Variable Cost

Costs that vary directly with the level of production output or volume, such as raw materials and direct labor.

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