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Bruno is shy in most situations, would prefer to read rather than go to a party, likes working with computers, and spends minimal time worrying about the future.Bruno's many characteristics are referred to as his
Contribution Margin
The amount remaining from sales revenue after variable costs have been deducted, indicating how much revenue is contributing to covering fixed costs and generating profit.
Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues and expenses.
Expenses
Outflows or depletions of assets or incurrences of liabilities during a period as a result of delivering or producing goods, rendering services, or carrying out other activities linked to an entity's main operations.
Variable Costing
A costing method where variable manufacturing costs are treated as product costs, and fixed manufacturing overhead is treated as a period cost.
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