Examlex
Employers should not ask about gender on an application unless the information is necessary for a bona fide occupational qualification.
Absorption Costing
An accounting method that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed overhead) in the cost of a product.
Variable Costing
A costing method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in unit product costs.
Income From Operations
Earnings derived from a company's regular business activities, excluding revenues and expenses from non-operating activities.
Break-Even Point
The level of production or sales at which revenues equal expenses, resulting in zero profit or loss.
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