Examlex
In active voice, the subject is acted upon. In passive voice, the subject is the doer of the action.
Manufacturing Overhead
All indirect costs associated with the manufacturing process, excluding direct materials and direct labor costs.
Contribution Margin
The difference between sales revenue and variable costs, used to cover fixed expenses and then contribute to profit.
Variable Expenses
Costs that vary directly with the level of production or sales volume.
Break-even Point
The point at which total costs and total revenues are exactly the same, yielding neither a profit nor a loss.
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