Question: QUESTION 6 1.Contribution margin A. is always the same as gross profit margin. B. excludes variable selling costs from its calculation. C. is calculated by

QUESTION 6

1.Contribution margin

A.

is always the same as gross profit margin.

B.

excludes variable selling costs from its calculation.

C.

is calculated by subtracting total manufacturing costs per unit from sales revenue per unit.

D.

equals sales revenue minus variable costs.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

PART I (20 Points, 1 Points each) Multiple Choice: Indicate the answer that best completes the opening statement. 1. A variable cost is a cost that a. varies per unit at every level of activity. b....

Q:

In applying the high-low method, what is the unit variable cost? A) $2.16 B) $1.88 C) $2.40 D) Cannot be determined from the information given. Contribution margin. A) is always the same as gross...

Q:

In applying the high-low method, what is the unit variable cost? A) $2.16 B) $1.88 C) $2.40 D) Cannot be determined from the information given. Contribution margin. A) is always the same as gross...

Q:

17) Contribution margin a. is always the same as gross profit margin. b. excludes variable selling costs from its calculation. c. is calculated by subtracting total manufacturing costs per unit from...

Q:

I need these ASAP!! Just the answers!! Question 46 (7 points) Austin Company's high and low level of activity last year was 60,000 units of product produced in March and 20,000 units produced in...

Q:

I need these ASAP!! Just the answers!! Question 47 (7 points) Listen Fairmount Manufacturing's variable costs are 30% of sales. The company is contemplating an advertising campaign that will cost...

Q:

In applying the high-low method, what is the unit variable cost? A) $2.16 B) $1, 88 C) $2.40 D) Cannot the determined from the information given. Contribution margin A) is always the same as grow...

Q:

Contribution margin equals sales revenue minus variable costs. O is always the same as gross profit margin. O excludes variable selling costs from its calculation. O is calculated by subtracting...

Q:

Contribution margin equals sales revenue minus variable costs. O is always the same as gross profit margin. O excludes variable selling costs from its calculation. O is calculated by subtracting...

Q:

Question 22. 22. A company has contribution margin per unit of $60 and a contribution margin ratio of 40%. What is the unit selling price? (Points : 2) $24.00 $100.00 $150.00 $0 Question 23. 23....

Q:

During June, Plowers Company accumulated 24,000 hours of direct labor costs on Job 30 and 3,000 hours on Job 32. The total direct labor was incurred at a rate of $22 per direct labor hour for Job 30...

Q:

The July 20, 1998, issue of Fortune magazine reported the results of a survey on executive training that was conducted by the Association of Executive Search Consultants. The survey showed that 75...

Q:

Penny is interested in investing in corporate bonds, but she is not sure what type would be the best cholce for her She tells you that she is especially interested in buying a relatively low level of...

Q:

Once your company receives negative reviews, it's damaging to the brand. Even if you try your best to promote your business, these reviews will take things in a negative direction. Should you invest...

Q:

Edward Schieffelin and Robert Crittendens Like People in a Dream is a richly told account of fi rst contact between two cultures. In 1935 white explorers went into interior parts of New Guinea where...

Q:

How do cultures and social communities shape communication?

Q:

Identify ways that you do and do not fi t generalizations for communication by members of your sex that were discussed in this chapter. What about yourace, ethnicity, sexual orientation, etc.might...