Complete the missing items in the following chart:
Definitions:
Contribution Margin
The difference between the sales revenue of a product and its variable costs.
Machine Time
The scheduled or actual time that a machine is set to operate or is operating, usually relating to production processes.
Total Cost Concept
An approach in accounting that considers all costs related to the production of a product, including direct, indirect, fixed, and variable costs.
Rate of Return
The Rate of Return (RoR) is a financial metric used to measure the profitability of an investment, representing the percentage of profit or loss relative to the investment's original cost.
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