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Prove .
Budgeting
Budgeting involves planning income and expenditure for a specific period, helping organizations allocate resources efficiently.
Relevant Range
The range of activity within which the assumptions about fixed and variable costs are valid.
Unit Fixed Costs
Unit fixed costs refer to the costs that do not vary with the level of output or activity within a certain range of production or sales.
Total Variable Cost
The sum of all costs that vary directly with the level of production or sales volume, such as raw materials and direct labor.
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