Examlex
Solve the system by the method of elimination.
Net Operating Income
Earnings before interest and taxes (EBIT), a measure of a company's profitability from operations.
Minimum Required Return
The minimum return that investors expect to earn from their investment.
Materials Quantity Variance
The difference between the actual quantity of materials used in production and the standard quantity allowed for the actual output, multiplied by the standard price per unit of materials.
Materials Price Variance
The difference between the actual unit price paid for an item and the standard price, multiplied by the quantity purchased.
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