Examlex
Which of the following is not a characteristic of play?
Variable Costs
Costs that vary directly and proportionally with the level of production or sales volume, such as raw materials and direct labor costs.
Fixed Costs
Charges that stay the same, no matter the production or sales figures, such as rental fees, employee salaries, and insurance premiums.
Variable Utilities Cost
Expenses for utilities such as electricity and gas that vary in proportion to a company’s level of operation or production activity.
High-low Method
A technique used in managerial accounting to estimate fixed and variable costs associated with production.
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