Examlex
What is the correct assignment of the names of the following functional groups?
Variable Cost
Costs that vary directly with the level of production or business activity, such as materials and labor.
Variable Cost
Costs that change in proportion to the level of goods or services a company produces.
Fixed Costs
Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, and insurance.
Net Income
The net income of a company, calculated by deducting all costs, taxes, and expenses from its total revenue.
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