Examlex
The GASB sets accounting standards for all of the following except:
Fixed Cost
Expenses that do not change in proportion to the activity of a business, such as rent, salaries, or loan payments.
Cost Behavior
The manner in which a cost changes in relation to its activity base (driver).
Activity Changes
Variations or alterations in the level of operations, processes, or actions within an organization that can impact performance and outcomes.
Total Variable Costs
The cumulative expenses that vary directly with the level of production or business activity.
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