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Mixed Cost
An expense that contains both fixed and variable components, changing in total with the level of activity but not in a directly proportional manner.
High-low Method
A method employed in accounting that calculates variable and fixed expenses by analyzing the maximum and minimum activity levels.
Variable Manufacturing Cost
Costs that vary in direct proportion to the changes in production volume, including direct materials, direct labor, and variable manufacturing overhead.
Monthly Production Volume
The total number of units a company manufactures or produces in a month.
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