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Your roommate received a strong electric shock once when there was a short in her curling iron.She now does not like curling irons and makes you put yours in the cabinet so she cannot see it on the bathroom counter.This is an example of _____________.
Unit Variable Costs
The variable costs that are incurred for each unit of production, including materials and labor directly associated with the manufacturing of the product.
Operating Income
The income a business receives after subtracting operating costs from its gross profit.
Fixed Costs
Costs that do not change with the level of production or sales activities, such as rent, salaries, and insurance premiums.
Variable Costs
Costs that change in proportion to the level of production or business activity.
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