Examlex
Futures contracts exist for which of the following?
I. pork bellies
II. S&P 500 index
III. Eurodollars
IV. cocoa
Actual Sales
Revenue generated from goods sold or services provided in a particular period, factually recorded.
Sales Variance
Sales variance is the difference between actual sales and budgeted or planned sales, used to assess performance.
Variable Costs
Costs that vary directly with the level of production or business activity.
Fixed Costs
Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, or insurance premiums.
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