Examlex
A perfect positive correlation occurs when the dots on a scatter plot form a ________.
Absorption Cost
A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.
Return On Investment
A performance measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the profit from an investment by the cost of the investment.
Price Per Unit
Price per unit describes the cost of a single unit of product or service, providing a basis for evaluating and comparing the value of similar items.
Full Cost
The comprehensive total of all costs associated with producing a product or delivering a service, including direct, indirect, fixed, and variable costs.
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