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Variable Costs
Expenses that vary in direct proportion to changes in production or sales volume, such as raw materials and direct labor costs.
Sales
Revenue generated from goods or services exchanged by an entity during its normal business operations.
Break-even Analysis
An assessment to determine the sales volume at which total revenues equal total costs, indicating no net loss or gain.
Cost-volume-profit Analysis
An accounting technique that analyzes how changes in costs, sales volume, and price affect a company's profit.
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