Examlex
____ refers to workers' job activities-what workers actually do on the job.
Contribution Format
An income statement format that separates fixed and variable costs, showing contribution margin which is sales revenue minus variable costs.
Contribution Margin
The amount by which sales revenue exceeds variable costs of production, indicating how much contributes to covering fixed costs.
Variable Expenses
Costs that vary in proportion to changes in the level of activity or volume of production.
Contribution Format
A type of income statement format that separates fixed and variable costs, helping in determining the contribution margin of sold goods or services toward fixed costs and profits.
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