Contribution margin: (a) is revenue remaining after deducting variable costs. (b) may be expressed as contribution margin
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Contribution margin:
(a) is revenue remaining after deducting variable costs.
(b) may be expressed as contribution margin per unit.
(c) is selling price less cost of goods sold.
(d) Both
(a) and
(b) above.
AppendixLO1
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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