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 74 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!

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Nutritional Similarities between Infant Formula and Breast Milk Nutritional Similarities between Infant Formula and Breast Milk
How Health Interacts with Income How Health Interacts with Income
Prove the following arguments using the two-column format. Prove the following arguments using the two-column format.
formula formula
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Control of ventilation rate by other brain centers (posts, hypothalamus & cerebral cortex)

For a complete list of videos, visit our video library