Examlex
In the ABO blood type system,there are six possible genotypes,but only two possible phenotypes.
Contribution Margin Ratio
The percentage of each sales dollar remaining after variable expenses are deducted, indicating the proportion available to cover fixed costs and generate profit.
Net Operating Income
An accounting term that refers to the profit realized from a business's operations, after subtracting operating expenses from revenue, excluding tax and interest.
Absorption Costing
This accounting technique combines all costs associated with manufacturing, such as materials directly used, labor directly applied, and all categories of overhead, fixed or variable, in determining a product’s cost.
Unit Product Cost
The total cost (both direct and indirect) assigned to a single unit of product.
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