Question
Contribution margin is defined as selling price minus variable costs.Gross margin (or gross profit) is defined as selling price less cost of sales.Discuss which of
Contribution margin is defined as selling price minus variable costs.Gross margin (or gross profit) is defined as selling price less cost of sales.Discuss which of these measurements of a product's profit is a better measure of profitability and why?
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Cost Accounting Principles And Applications
Authors: Horace Brock, Linda Herrington, La Vonda Ramey
7th Edition
0071115609, 978-0071115605
