Key to variable costing is contribution margin, the difference between sales and variable expenses over a period.
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Key to variable costing is contribution margin, the difference between sales and variable expenses over a period. Profit is the contribution margin less fixed expenses.
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Managerial Accounting Information For Decisions
ISBN: 9780324222432
4th Edition
Authors: Thomas L. Albright , Robert W. Ingram, John S. Hill
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