MAS
This refers to the potential benefit or gain that is given up when choosing one option over others.
Opportunity Cost
It is the systematic allocation of the the depreciable amount of an asset over the useful life
Depreciation
This represents sales minus break-even sales
Margin of Safety
Pertains to all information used by the auditor in arriving at the conclusions on which the auditor’s opinion is based
Audit Evidence
The difference between sales and variable costs.
Contribution Margin
It is a detailed financial plan that includes projections of sales, expenses, and profits for a specific period. It is typically prepared annually and serves as a blueprint for a company’s financial operations.
Master Budget