Tag: materials
Sales Price Variance
What is 'Sales Price Variance' The difference between the amount of money a business expects to sell its products or services for...
Backward Integration
What is 'Backward Integration'
Backward integration is a form of vertical integration that involves the purchase of, or merger with, suppliers up the supply chain....
Variable Cost-Plus Pricing
What is 'Variable Cost-Plus Pricing' Variable cost-plus pricing is a pricing method in which the selling price is established by adding a...
Variable Overhead Efficiency Variance
How Does Variable Overhead Efficiency Variance Affect Your Overhead Rate?
There are two forms of overhead rate variation: Fixed overhead rate variance and Variable Overhead...
Variable Cost
What is a 'Variable Cost' A variable cost is a corporate expense that varies with production output. Variable costs are those costs...
Variable Overhead
What is a 'Variable Overhead' Variable overhead is the indirect cost of operating a business, which fluctuates with manufacturing activity. For example,...
Warm Calling
What is 'Warm Calling'
The solicitation of a potential customer with whom a sales representative or business has had prior contact. Warm calling refers to...
De-Escalation Clause
What is 'De-Escalation Clause' An article in a contract that calls for a price decrease if there is a decrease in certain...
Raw Materials
DefinitionA raw material, also known as a feedstock or most correctly unprocessed material, is a basic material that is used to produce goods, finished...
Key Money
DefinitionKey money is one of several forms of payment made to a landlord. The term has various meanings in different parts of the world....