Examlex
Use slack variables to rewrite this problem so that all its constraints are equality constraints.
Direct Labour
refers to the workforce directly involved in the manufacture of goods or provision of services.
Fixed Manufacturing Overhead
Indirect manufacturing costs that remain relatively constant regardless of the level of production, such as rent, salaries, and insurance.
Contribution Margin
The amount remaining from sales revenue after variable expenses are deducted, indicating how much contributes to covering fixed costs and generating profit.
Net Operating Income
The income generated from normal business operations after subtracting operating expenses from gross profit.
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