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Which statement about temperament is true?
Contribution Margin
The amount remaining from sales revenue after all variable expenses are deducted, indicating how much contributes to covering fixed costs and generating profit.
Variable Costs
Costs that change in proportion to the level of production or sales activity within a business.
Fixed Costs
Expenses that do not change with the level of production or sales over a certain period, such as rent, salaries, and insurance.
Variable Costs
Costs that vary in direct proportion to changes in levels of production or sales.
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