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Variable Cost
Costs that vary directly with the level of production or output, such as materials and labor costs.
Net Income
The total profit of a company after subtracting all expenses from revenues.
Fixed Costs
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.
Fixed Costs
Fixed costs are business expenses that do not change with the level of output or sales, such as rent or salaries.
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