Answered: The difference between total sales in…

The difference between total sales in dollars and total variable expenses is called: a. net profit b. net operating income c. the gross margin d. the contribution margin

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter7: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 8MCQ: The contribution margin is the a. amount by which sales exceed total fixed cost. b. difference...

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Question

The difference between total sales in dollars and total variable expenses is called:
a. net profit
b. net operating income
c. the gross margin
O d. the contribution margin

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