This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The formula for a contribution format income statement is (Read 14 times)

ahunt13

  • Full Member
  • ***
  • Posts: 157
on: Feb 5, 2023

Question 1

A contribution margin format income statement
◦ is acceptable for GAAP reporting.
◦ is based on cost function rather than on cost behavior.
◦ allows managers to assess the impact of sales volume on operating income.
◦ classifies costs as committed or discretionary.

Question 2

The formula for a contribution format income statement is
◦ Sales revenue - Variable costs = Contribution margin - Fixed costs = Operating income.
◦ Sales revenue - Discretionary costs = Gross profit - Committed costs = Operating income.
◦ Sales revenue - Step costs = Contribution margin - Fixed costs = Operating income.
◦ Sales revenue - Cost of goods sold - Discretionary costs = Operating income.
Managerial Accounting ¦ Davis ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ahunt13 on Feb 5, 2023

hillard sane

  • Full Member
  • ***
  • Posts: 164
Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


ahunt13

  • Member
  • Posts: 157
Reply 2 on: Feb 5, 2023
:D TYSM

lindahyatt42

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Worldwide Variations in Population and Income Levels Worldwide Variations in Population and Income Levels
Example of a patient statement. Example of a patient statement.
The Gender Pay Gap Over Time: What Percentage of Men's Income Do Women Earn? The Gender Pay Gap Over Time: What Percentage of Men's Income Do Women Earn?
Contribution of enthalpy and entropy to several favorable processes Contribution of enthalpy and entropy to several favorable processes
How to derive the quadratic formula How to derive the quadratic formula
Determination of Income Inequality Determination of Income Inequality
Video: Sperm Formation

For a complete list of videos, visit our video library