Examlex
In a short essay, define parochialism and explain why it can be a problem for U.S.managers.
High-Low Method
A technique in cost accounting to estimate fixed and variable costs based on the highest and lowest levels of activity.
Cost-Volume-Profit Analysis
An accounting method used to estimate how changes in costs, sales volume, and price affect a company's profit.
Contribution Margin Ratio
A financial metric calculating the difference between a product's price and variable costs as a percentage of the product's price.
Variable Costs
Costs that vary directly with the level of production or sales volume such as materials and labor.
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