Examlex
Interpersonal skills permit successful managers the ability to deal effectively with other people
Variable Costing Income
An income calculation method that only includes variable costs - costs that fluctuate with production levels - in determining net income.
Absorption Costing Income
A company's income statement approach which includes all costs of production (both fixed and variable) in the cost of goods sold, thereby fully absorbing them.
Variable Cost Ratio
The proportion of variable costs to sales, showing the impact of production volume on total costs.
Break-Even Point
The point at which total cost and total revenue are equal, meaning no net loss or gain, and one has "broken even."
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