Examlex
Match each description with the item below.
-Andrew Jackson
Operations
Refers to the day-to-day activities involved in running a business, including production, sales, and administration functions.
Variable Costing
An accounting method that only includes variable costs in the cost of goods sold and analyzes fixed costs separately.
Contribution Margin
The amount remaining from sales revenue after variable costs have been deducted, indicating how much contributes to covering fixed costs and generating profit.
Manufacturing Margin
The difference between the sales revenue generated from manufactured goods and the cost of goods sold (COGS), highlighting the profitability of manufacturing activities.
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