Examlex
Contribution margin is another name for gross profit.
Activity Driver
An activity driver is a factor that influences the performance or cost of activities within a business, helping to accurately allocate costs based on actual consumption or usage.
Activity-based Costing System
An accounting approach that allocates costs to products based on the activities needed for their production, providing more accurate cost information.
Machine Setups
Refers to the configuration and preparation of machines before production runs, which can affect efficiency and downtime.
Production Volume
The total quantity of goods or products manufactured or produced within a certain period of time.
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