Examlex
An example of __________ is when current employees are given preference when a position opens in their organization.
Contribution Margin
Contribution margin is the revenue remaining after deducting variable costs, used to cover fixed costs and profit.
Variable Cost
Costs that change in proportion to the level of goods or services that a business produces.
Variable Costing
A pricing approach that incorporates only variable production expenses—such as direct materials, direct labor, and variable manufacturing overhead—into the cost of products.
Absorption Costing
A costing method that assigns all manufacturing costs, both fixed and variable, to products.
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