Examlex
In the titration of a solution of HCN(aq)with NaOH(aq),the equivalence point occurs at a pH greater than 7.
Variable Costs
Costs that vary directly with the level of production or volume of output, such as raw materials and labor directly involved in manufacturing.
Activity Levels
A measure used in cost accounting to evaluate the relation between the cost of a particular activity and the level of activity executed.
Operating Leverage
A measure of how revenue growth translates into growth in operating income, determined by the proportion of fixed versus variable costs a company has.
Contribution Margin
The difference between sales revenue and variable costs, indicating how much contributes towards covering fixed costs and generating profit.
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