Examlex
Which of the following statements is TRUE?
Relevant
Pertaining to information or data that is directly related and significant to the decision-making process.
Contribution Margin
the difference between the sales revenue of a product and its variable costs; used to cover fixed costs and generate profit.
Variable Costs
Expenses that change in proportion to the amount of goods produced or sold, like labor and material costs.
Contribution Margin
The amount remaining from sales revenue after variable expenses have been deducted, indicating how much revenue is available to cover fixed costs and generate profit.
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