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How do alloys solidify and melt?
Flexible Budgets
Budgets that adjust or flex with variations in activity levels or other relevant factors, allowing more accurate comparisons to actual results.
Cost Driver
A factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes overhead costs.
Fixed Costs
Costs that do not change with the level of production or sales, such as rent or salaries.
Flexible Budget
A budget that adjusts or varies with changes in volume or activity levels.
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