Examlex
What is another term for "reduction division"?
Variable Costs
Costs that change in proportion to the level of activity or production volume, such as materials and labor directly involved in production.
Fixed Expenses
Expenses that remain constant regardless of any variations in the amount of goods produced or the volume of sales, like lease payments, wages, and insurance fees.
Break-even Point
The point at which total costs equal total revenue, meaning no profit or loss is made.
Contribution Margin Ratio
The percentage of each sales dollar remaining after variable costs have been deducted.
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