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Astani1985
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Define Total Costs
All costs for a specific period of time.
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Define Unit Cost
The amount spent for one unit of a specific product or service.
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Define Fixed Cost
Total costs that remain constant regardless of changes in business activities.
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Define Variable Costs
Total costs that change in direct proportion to a change in the number of units.
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Define Contribution Margin
The difference between net sales and total variable costs.
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Define Breakeven Point
The amount of sales at which net sales is equal to total costs.
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Define Sales Mix
Relative distribution of sales among various products.
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