Answered: The difference between total sales in…

The difference between total sales in dollars and total variable expenses is called: a. net profit b. net operating income c. the gross margin d. the contribution margin

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter21: Variable Costing For Management analysis

Section: Chapter Questions

Problem 10E: How is the quantity factor for an increase or a decrease in the amount of sales computed in using...

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Question

The difference between total sales in dollars and total variable expenses is called:
a. net profit
b. net operating income
c. the gross margin
O d. the contribution margin

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