Examlex
Which chart type would best show cumulative sales by several representatives over time?
Variable Expenses
Costs that fluctuate with the level of output or sales, such as materials and labor.
Fixed Expenses
Fixed expenses are costs that do not fluctuate with changes in production level or sales volume, including lease payments and insurance.
Volume
The number of units of a product or service sold or produced.
CM Ratio
The CM Ratio, or Contribution Margin Ratio, is a financial metric that shows the proportion of sales revenue that exceeds variable costs, indicating the amount available to cover fixed costs and generate profit.
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