Examlex
Which of the following statements is correct about using departmental accounting -
Profitable
A financial status where the income generated from business activities exceeds the expenses, taxes, and costs associated with maintaining the business.
Marginal Revenue
The additional revenue that a company earns from selling one more unit of a product or service.
Marginal Cost
The rise in expense associated with the production of an extra unit of a product or service.
Average Variable Cost
The total variable cost divided by the quantity of output produced; it measures the variable cost per unit of output.
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