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Nymani Reeves
on Dec 01, 2024

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The difference between fixed and variable costs is that:

A) variable costs move up and down with changes in sales while fixed costs remain constant.
B) variable costs are only found in factory operations while fixed costs occur only in expenses.
C) fixed costs are the costs of fixed assets, everything else is a variable cost.
D) Both a and b

Fixed Costs

Expenses that remain constant for a given period of time, regardless of the level of production or output.

Variable Costs

Costs that change in proportion to the level of goods or services a business produces or sale, such as materials and labor.

Sales

The total amount of goods or services sold by a company within a specific period, generating revenue.

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Logan ClarkDec 05, 2024
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