Examlex
An increase in demand for good X could be caused by a decrease in the price of X.
Fixed Costs
Expenses that do not vary with the level of production or sales, such as rent, salaries, and insurance.
Operating Income
Earnings before interest and taxes (EBIT), a measure of a company's profitability from its core operations.
Direct Labor Efficiency Variance
A financial metric that analyzes the difference between the actual hours worked and the standard hours expected for the production achieved.
Labor Per Unit
The amount of labor cost incurred to produce one unit of production, a measure of efficiency and cost control.
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