Question
The formula for a contribution format income statement is Sales revenue Cost of goods sold Discretionary costs = Operating income. Sales revenue Variable costs =
The formula for a contribution format income statement is
Sales revenue Cost of goods sold Discretionary costs = Operating income.
Sales revenue Variable costs = Contribution margin Fixed costs = Operating income.
Sales revenue Discretionary costs = Gross profit Committed costs = Operating income.
Sales revenue Step costs = Contribution margin Fixed costs = Operating income.
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Horngrens Financial & Managerial Accounting, The Managerial Chapters
Authors: Tracie Miller Nobles, Brenda Mattison
7th Edition
0136503616, 9780136503613
