Examlex
To access an array element, use the array name and the element's ___________.
Net Operating Income
Net operating income reflects the profit a company makes from its operations, exclusive of taxes and interest.
Variable Costs
are expenses that change in proportion to the activity of a business, such as raw material costs, which increase with the level of production.
Direct Labor
Factory labor costs that can be easily traced to individual units of product. Also called touch labor.
Contribution Margin
The amount by which sales revenue exceeds variable costs of production, indicating the contribution towards covering fixed costs.
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