Examlex
A visual depiction of the interaction of two variables,showing both direction and shape of the relationship is called _______.
Absorption Costing
A method of inventory costing in which all costs of production (both fixed and variable) are treated as product costs.
Gross Margin
Gross margin is the difference between revenue and the cost of goods sold, divided by revenue, expressed as a percentage. It measures how much a company earns taking into consideration the costs that it incurs for producing its products or services.
Variable Costing
An accounting method that includes only variable costs—costs that change with production levels—in the calculation of cost of goods sold and excludes fixed costs.
Net Operating Income
The total earnings from a company's operations after deducting operating expenses but before interest and taxes.
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