Examlex
Select the correct name for the following compound.
Contribution Margin
The amount by which sales revenue exceeds variable costs, indicating how much revenue contributes towards covering fixed costs and generating profit.
Outside Supplier
A third-party company or entity that provides products or services to another company, often used when in-house production or provision is not feasible.
Relevant Cost
Costs that will be affected by a decision in the future and therefore should be considered in the decision-making process.
Direct Labor Cost
Expenses associated with the wages and benefits of employees who are directly involved in the manufacturing process.
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