Examlex
Which of the following statements about sensory systems is false?
Contribution Margin
The amount of revenue remaining after subtracting the variable costs of producing a product, serving as an indicator of the product's profitability.
Variable Cost
Costs that change directly in proportion to changes in the volume of production or sales, such as raw materials and direct labor.
Contribution Margin
The amount by which a product's sales price exceeds its variable costs, indicating how much contributes to covering fixed costs and generating profit.
Machine Hour
A measurement of production time, counting one hour of operation of a machine or a piece of equipment for manufacturing purposes.
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