Question: The difference between total sales in dollars and total variable costs is called: Multiple Choice net profit. operating profit. the contribution margin. the gross margin.

The difference between total sales in dollars and total variable costs is called:
Multiple Choice
net profit.
operating profit.
the contribution margin.
the gross margin.
The difference between total sales in dollars and total 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:

The difference between total sales in dollars and total variable costs is called: Multiple Choice operating profit. the contribution margin. the gross margin. net profit.

Q:

1 The difference between total sales in dollars and total variable costs is called: Multiple Choice its 0 1 : 0 5 : 2 5 net profit. the contribution margin. operating profit. the gross margin.

Q:

The difference between total sales in dollars and total variable costs is called: Multiple Choice operating profit. net profit. the gross margin. the contribution margin.

Q:

The difference between total sales in dollars and total vanlable costs is called: Multiple Choice es the gross margin. the conuribution margin. operating profic net profit.

Q:

75/E1 | Managerial Accounting The difference between total sales in dollars and total variable expenses is called: of a. net profit O b. the contribution margin. Oc.net operating income. Od the gross...

Q:

1.) Both total revenues (TR) and total costs (TC) are likely to be affected by changes in the output. True or False 2.) Profit is the unit contribution margin multiplied by the number of units minus...

Q:

40. The difference between total sales in dollars and total variable costs is called: A) the contribution margin. B) operating profit. C) the gross margin. D) net profit. 43. The contribution margin...

Q:

Market Sales had $ 200,000 in sales last month. The variable cost ratio was 60% and operating profits were $80.000 What sales volume does Markets need to yield operating profit? $200,000 O $2,000,000...

Q:

The difference between total sales in dollars and total variable costs is called: Group of answer choices: operating profit. net profit. the gross margin. the contribution margin.

Q:

The difference between total sales in dollars and total variable costs is called: ( CSLO 2 , 3 , 6 ) Group of answer choices operating profit. net profit. the gross margin. the contribution margin.

Q:

Wilson Industries manufactures and sells a single product. The controller has prepared the following income statement for the most recent year: The company produced 9,000 units and sold 8,000 units...

Q:

How do viral numbers compare to those of bacteria in seawater?

Q:

One of the most important features of a stock is it book value the book value per share of electron stock last year was equal to blank

Q:

A company issues 1,050 shares of its common stock for $33,600 cash. Prepare journal entries to record this event under each of the following separate situations.