Examlex
The value of a coefficient of skewness falling between 0.5 and -0.5 indicates relative symmetry.
Depreciation
The allocation of the cost of a tangible asset over its useful life, recognizing the asset's wear and tear over time.
Prime Cost
The sum of direct materials cost and direct labor cost, representing the direct production costs.
Cost Structure
The composition of different types of costs within a company or specific project, often categorized into fixed and variable costs.
Contribution Margin
The amount of revenue remaining after deducting variable costs, which can then be used to cover fixed costs and contribute to profit.
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