Examlex
What software emulates the hardware on which an operating system runs?
Productive Capacity
Refers to the maximum output or productive ability of resources, facilities, or organizations, emphasizing efficiency and optimization.
Contribution Margin
The contribution margin is the difference between total sales revenue and total variable costs, indicating how much revenue contributes towards covering fixed costs and profit generation.
Underutilising
Refers to the scenario where resources are not being used to their full potential or capacity, often leading to inefficiency or wastage.
Variable Overhead Efficiency Variance
A metric used to measure the difference between the actual variable overhead cost and the standard cost of the actual production volume.
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