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Once a strategic plan is developed, it should not be altered by the organization.
Office Furniture
Fixed assets consisting of desks, chairs, tables, cabinets, and other furnishings used in an office environment.
Variable Utilities Cost
Expenses for utilities that change in proportion to the level of production or activity of a business.
High-low Method
The high-low method is a straightforward way to estimate the variable and fixed components of a cost by using the highest and lowest activity levels and the corresponding total costs.
Machine Hour
A unit of measurement that represents an hour of operation of a machine or equipment.
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