Examlex
Which if the following is not an example of the Internet of Things is being used by businesses?
Variable Maintenance Cost
Costs for maintenance that fluctuate with the level of operation or production activity.
Machine-Hours
A unit of measure representing the operational time of a machine, used as a basis for allocating manufacturing overhead in traditional costing systems.
Relevant Range
The range of activity within which assumptions about variable and fixed cost behaviors are valid.
Gross Margin
A company's net sales revenue minus its cost of goods sold (COGS), expressed as a percentage. It reveals how much profit a company makes before expenses.
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