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 61 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
Gracias!

amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
An example of a résumé that uses a chronological format. An example of a résumé that uses a chronological format.
How to calculate present value using the compound interest formula (Question 2) How to calculate present value using the compound interest formula (Question 2)
Determination of Income Inequality Determination of Income Inequality
Single-serve pods of infant formula Single-serve pods of infant formula
0.123 g of a gas occupy a volume of 124 mL at 120. °C and 760. torr. The possible formula of ... 0.123 g of a gas occupy a volume of 124 mL at 120. °C and 760. torr. The possible formula of ...
Video: Sperm Formation

For a complete list of videos, visit our video library