Examlex
Insert one of the symbols , or = in the blank. _____
Contribution Margin
Contribution margin is the revenue remaining after deducting variable costs, used to cover fixed costs and profit.
Variable Cost
Costs that change in proportion to the level of goods or services that a business produces.
Variable Costing
A pricing approach that incorporates only variable production expenses—such as direct materials, direct labor, and variable manufacturing overhead—into the cost of products.
Absorption Costing
A costing method that assigns all manufacturing costs, both fixed and variable, to products.
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