Examlex
The NLRB does not look to the degree of control and direction exercised by the firm over the worker to determine whether the worker is an employee or an independent contractor.
CVP Analysis
Cost-Volume-Profit Analysis, a managerial accounting method that examines the impact of varying levels of costs and volume on operating profit.
Manufacturing Costs
These are expenses directly related to the production of goods, including labor, materials, and overhead.
Selling
The process of promoting and transferring goods or services to a buyer in exchange for money.
Contribution Margin Ratio
The percentage of each dollar of sales that is available to apply to fixed costs and contribute to net income; calculated as unit contribution margin divided by unit selling price.
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