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-In an effort to protect endangered species from the effects of logging in America's national forests,the federal government passes a law prohibiting logging in most of the state of Washington.Which of the figures above best illustrates the effect of this new law?
Activity Level
An indicator of the volume of business activity or operations in a specific period, often used in costing and budgeting to measure performance.
Fixed Costs
Costs that remain constant in total regardless of changes in the level of activity within a relevant range.
Static Budget
A budget that is based on fixed assumptions and does not change with variations in business activity levels.
Master Budget
A comprehensive financial planning document incorporating all of an organization's financial plans, including sales, production, and cash budgets.
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