Author Question: A company's sales and production levels are the same. The amount of income presented on a ... (Read 72 times)

Drewster127 · **on:** Feb 5, 2023

Question 1

The contribution margin is calculated as
◦ sales revenue less committed costs.
◦ sales revenue less cost of goods sold.
◦ sales revenue less total variable costs.
◦ sales revenue less discretionary costs.

Question 2

A company's sales and production levels are the same. The amount of income presented on a contribution margin format income statement
◦ will not differ from that shown on a traditional GAAP income statement regardless of the level of production and sales.
◦ will always be greater than that shown on a traditional GAAP income statement.
◦ will always be the same as that shown on a traditional GAAP income statement.
◦ will always be less than that shown on a traditional GAAP income statement.

SphnxKickin · **Reply #1 on:** Feb 5, 2023

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