Question: Explain how the contribution margin changes as output levels vary due to moving variable and fixed costs. Compare and contrast gross margin and contribution margin.

Explain how the contribution margin changes as output levels vary due to moving variable and fixed costs. Compare and contrast gross margin and contribution margin. Explain the uses of gross and contribution margins, including why a company would need to account for both.

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In decisionmaking costvolumeprofit analysis is used as well as how it helps managers deal with uncertainty The costvolumeprofit analysis is a useful tool for planning and making decisions Managers may ... View full answer

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