Examlex
The total fixed overhead variance is the total of the variable overhead cost variance and fixed overhead volume variance.
Major Customer
A key client that significantly contributes to a company's revenue, often having a major impact on its financial health.
Revenue Generated
The total amount of income produced through the primary activities of a business before any expenses are deducted.
Profit or Loss Test
A criterion used to evaluate the performance of an investment or business segment by determining if it is generating profit or incurring loss.
Reportable Segment
An operating segment of a business that requires separate disclosure in the company's financial reporting due to its significant size, profitability, or importance.
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