Describe how the following items are computed: a. Gross margin, and b. Contribution margin
Question:
a. Gross margin, and
b. Contribution margin
Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...
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a Gross margin is computed as sales minus cost of goods sold Cost of goods sold inclu...View the full answer
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