Examlex
Identify acid, base, conjugate acid, and conjugate base in the following reaction:
H2CO3(aq) + H2O(l) ⇌ HCO3-(aq) + H3O+(aq)
Variable Costs
Variable costs are expenses that change directly and proportionally with the level of production or business activity, such as raw materials and direct labor costs.
Direct Materials
Raw materials that are directly incorporated into a final product and can be easily traced to it.
Fixed Costs
Fixed costs are business expenses that do not change with the level of goods or services produced by the business, such as rent, salaries, or loan payments.
Flexible Budget
A flexible budget adjusts to changes in actual revenue or activity levels, allowing for more accurate comparisons and performance assessments.
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