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Which of the following is considered tangible personal property?
Variable Cost
Costs that change in proportion to the level of activity or volume of goods produced.
Fixed Costs
Costs that do not change with the volume of production, such as rent, salaries, or insurance.
Contribution Margin
The difference between sales revenue and variable costs of a product or service, used to cover fixed costs and to generate profit.
Fixed Costs
Costs that do not change with the level of production or business activity, such as rent, salaries, and insurance premiums.
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