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In the fifteenth century,slavery in Africa
Fixed Maintenance
Scheduled or routine maintenance activities that incur costs regardless of the operational status of equipment.
Relevant Range
The range of activity within which the assumptions about variable and fixed cost behaviors hold true.
Variable Cost
Costs that change in proportion to the level of output or activity in a business operation.
Total Variable Cost
The total of all costs that vary with changes in the production level or sales volume, such as raw materials, direct labor, and variable overhead.
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