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What medical term means "toward or nearest the trunk of the body"?
Variable Expenses
Expenditures that change in direct relation to production levels or sales quantities.
Mixed Cost
A cost composed of a mixture of fixed and variable components. Costs are fixed for a set level of production or consumption, becoming variable with further production or consumption.
Fixed Expenses
Regular expenses that do not vary in total over a wide range of activity levels.
Contribution Margin
The amount remaining from sales revenue after variable expenses have been deducted; indicates the contribution towards covering fixed expenses and generating profit.
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