Fixed Costs - Costs that do not change with output, such as rent, insurance, and salaries., Total Costs - The sum of fixed costs and variable costs at any level of production., Contribution per Unit - The difference between the selling price of a product and its variable cost per unit., Revenue - The total amount of money received from the sale of goods and services., Break-even Point - The point at which total revenue equals total costs, resulting in no profit or loss., Variable Costs - Costs that change with the level of output, such as raw materials or direct labor.,

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