Examlex
Express the number in scientific notation.
-A business projects next year's profits to be $49,100,000.
Manufacturing Margin
The difference between the cost of production and the selling price of manufactured goods.
Contribution Margin
The amount of revenue from sales that exceeds variable costs, contributing to covering fixed costs and generating profit.
Operating Income
The profit realized from a business's operations, calculated by subtracting operating expenses from gross profit.
Absorption Costing
An approach to pricing that incorporates all production-related costs such as direct materials, direct labor, along with variable and fixed overhead expenses, into the product’s cost.
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