Examlex
The fixed costs per unit are $10 when a company makes 10 000 units. What are the per unit fixed costs when 12 500 units are produced?
Gross Profit
The difference between sales revenue and the cost of goods sold (COGS), indicating the profitability of a company's core business activities.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor involved.
Ending Inventory
The value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus the cost of goods sold.
Beginning Inventory
The value of all products, goods, and materials in stock at the start of an accounting period.
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