Examlex
Which of the following is MOST sophisticated?
Unit Selling Price
The amount of money charged to the customer for a single unit of product or service.
Contribution Margin
The difference between sales revenue and variable costs, representing the amount that contributes to covering fixed costs and generating profit.
Contribution
The portion of sales revenue that exceeds variable costs, contributing towards covering fixed costs and generating profit.
Machine Hour
A measurement of production time, quantifying the number of hours a machine is in operation during a given period.
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