What is the main difference between gross margin and contribution margin? Which one is the focus of
Question:
What is the main difference between gross margin and contribution margin? Which one is the focus of CVP analysis? Explain briefly.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
Gross margin is the total revenue minus the cost of goods ...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 9780135628478
17th Edition
Authors: Srikant M. Datar, Madhav V. Rajan
Question Posted:
Students also viewed these Business questions
-
What is the main difference between correlation analysis and regression analysis?
-
What is the main difference between the 401(k)-type, e.g. defined contribution plans, vs. traditional pension plans, e.g. defined benefit plans? Which type of retirement plan do you prefer and why?...
-
What is the main difference between classification and clustering? Explain using concrete examples.
-
KEA10. LO 16.3 Use the following excerpts from Fruitcake Company's financial records to determine net cash flows from investing activities. Acquired new plant assets Collected interest on investment...
-
In what ways does technology have an impact on job design?
-
Lu Corp. erected and placed into service an offshore oil platform on January 1, 2017 at a cost of $10 million. Lu is legally required to dismantle and remove the platform at the end of its nine-year...
-
What are three ways of overcoming communication barriers?
-
In recent years the fast-food chain Wendys International has purchased many treasury shares. From December 28, 2003, to December 31, 2006, the number of shares outstanding has fallen from 115 million...
-
UNUNJJI LIVIUU!HVURUT-alaReAssignmentSession Locator = &inprogress=false Calculator Instruct Chart of Accounts General Journal Instruction The following errors took place in journalizing and posting...
-
One of the makeup kit models that Tiegs Corporation produces is targeted at professional women. The goal for Year 2 is to reduce direct materials usage per unit. No defective units are currently...
-
Which of the following statement about contribution margin and gross margin is correct. a. Contribution margin indicates why the operating income changes as the number of units sold changes. b....
-
Fill in the blanks for each of the following independent cases. Variable Case Revenues Costs $4,250 a. b. C. d. $6,600 $3,500 $2,400 Fixed Costs Total Costs $2,975 $6,000 $1,800 Operating...
-
As a condition of leasing a 10-year-old warehouse, Martha was required to make capital improvements to the interior of the building to accommodate the lessee. These improvements cost Martha $300,000....
-
speed of the three phase motor does not vary greatly from the experiment. 1. Draw the symbol for a Three Phase Electric Motor. (Hint: remember the symbol table from the beginning of the semester?) 2....
-
Lifetime Insurance Company has two supporting departments (actuarial and premium), and two production departments (advertising and sales). Data from operations for the current year are as follows:...
-
Consider a wireless local area network (LAN) with an access point and 10 stations (Station 1, Station 2, Station 3, , and Station 10). Distributed coordination function (DCF), which is based on...
-
A worker needs to pump water from a reservoir to a big container that is open to the atmosphere. The water velocity at the surface of the reservoir is 2.5 m/s. The worker uses a 35-m long, 18-cm...
-
Identify each fringe benefit provided to Maggie and determine whether an exemption applies. (6 marks) Question 2: Explain the impact the fringe benefits will have on Maggie's taxable income and/or...
-
Solve each system, using the method indicated, if possible. (Elimination) x + y + z = 1 -x + y + z = 5 y + 2z = 5
-
Identify the most stable compound:
-
Anna Schaub, the financial manager at the Mangiamo restaurant, is checking to see if there is any relationship between newspaper advertising and sales revenues at the restaurant. She obtains the...
-
Parker manufacturing has been using activity-based costing to determine the cost of product X-678. One of the activities, Inspection, occurs just before the product is finished. Fitzgerald inspects...
-
After further discussion, Julie and Rhett wonder if they should view both the number of procedures and number of patient-hours as cost drivers in a multiple regression estimation in order to best...
-
Question 24 Not yet answered Marked out of 1.00 P Flag question Muscat LLC's current assets and current liabilities are OMR 258,000 and OMR 192,000, respectively. In the year 2020, the company earned...
-
Question 24 Miami Company sold merchandise for which it received $710,400, including sales and excise taxes. All of the firms sales are subject to a 6% sales tax but only 50% of sales are subject to...
-
f the IRS intends to close a Taxpayer Assistance Center, they must notify the public at least _____ days in advance of the closure date. 14 30 60 90
Study smarter with the SolutionInn App