Examlex
Explain how a river with a higher gradient may not flow as fast as a river with high discharge and provide an example of each type.
Machine Hour
A measure of the amount of time a machine is operated, used in cost accounting to allocate costs to products based on machine usage times.
Contribution Margin
The difference between sales revenue and variable costs, indicating how much revenue contributes towards covering fixed costs and generating profit.
Sales Revenue
The total amount of money generated by a company from its sales of goods or services before any expenses are subtracted.
Variable Cost
Costs that adapt in response to modifications in business activity volume.
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