Given the following numbers from Webster Company, match the correct value with its appropriate term.Webster Company sells a product for $20.Unit cost information is as follows:
Webster normally produces 50,000 units and the fixed overhead rate is based on this amount.Fixed selling and administrative expense is $87,000. 
-Variable cost ratio
Definitions:
Gross Profit Rate
The percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of production and pricing.
Retail Method
The retail method is an accounting technique used to estimate inventory value by converting the retail price of inventory to cost based on a cost-to-retail price ratio.
Estimated Inventory
An approximate valuation of inventory, used when an exact figure cannot be easily determined.
Retail Method
An accounting procedure for estimating the value of a store's merchandise by using the cost to retail price ratio.
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