Examlex
Which of the following was created by the Occupation Safety and Health Act of 1970:
Ending Inventory
The total value of goods available for sale at the end of an accounting period.
Contribution Margin
The amount remaining from sales revenue after variable expenses have been deducted; this contribution covers fixed expenses and generates profit.
Absorption Costing
An accounting method that includes all direct costs and allocated overheads in the cost of a product or service, as opposed to variable costing which excludes certain overheads.
Ending Inventory
The total value of goods available for sale at the end of an accounting period or fiscal year.
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