Question

Choose the correct answer Contribution margin is also known as (a) Marginal income (b) Gross profit (c) Net profit (d) Loss

   Choose the correct answer
Contribution margin is also known as
(a) Marginal income
(b) Gross profit
(c) Net profit
(d) Loss

Cost Accounting

Cost Accounting

K. Alex 1st Edition

Chapter 13, Problem 2

Instant Answer

Step 1

" Contribution margin is a financial metric used in cost accounting to determine the profitability of individual items sold by a company. It is calculated by subtracting the variable costs of producing an item from the price at which the item is sold. Show more…

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Choose the correct answer Contribution margin is also known as (a) Marginal income (b) Gross profit (c) Net profit (d) Loss

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