Examlex
One aspect of Darwin's theory of natural selection is that adaptations not useful to fitness are lost faster if they have a greater cost.With this in mind,which of the following explanation is most likely true?
Contribution Margin
The amount by which sales revenue exceeds variable costs of production, indicating the contribution towards covering fixed costs.
Fixed Costs
These are expenses that do not change with the level of output or sales, such as rent, salaries, and insurance.
Variable Selling
Expenses related to sales that vary with the level of sales activity, such as commissions or shipping costs.
Administrative Costs
All executive, organizational, and clerical costs associated with the general management of an organization rather than with manufacturing or selling.
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