Question: What is the definition of contribution margin? What does it tell a manager? How is it useful? Why do managerial accountants get so hung
What is the definition of "contribution margin?" What does it tell a manager? How is it useful? Why do managerial accountants get so hung up on it, but financial accountants never mention it?
Step by Step Solution
★★★★★
3.39 Rating (155 Votes )
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
The contribution margin is the difference between the monthly mean and the monthly mean of all other months This can be used to determine systematic and nonsystematic bias and uncertainty of the obser... View full answer
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
