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1. Define the following cost: Fixed, Variable, Mixed, Period, Product (10 points) Fixed- costs that do not change Variable- changes with how much is used
1. Define the following cost: Fixed, Variable, Mixed, Period, Product (10 points) Fixed- costs that do not change Variable- changes with how much is used Mixed- costs that are both fixed and have parts that are variable Period- costs that go into the business Product- costs that develop products directly
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