How is the contribution margin calculated when utilizing variable costing? a. Sales less variable cost of goods sold b. Sales less cost of goods sold c. Sales less variable cost of goods sold, less variable selling and administrative expenses, less fixed cost of goods sold, less fixed selling, and administrative expenses. d. Sales less variable cost of goods sold, less variable selling and administrative expenses.
How is the contribution margin calculated when utilizing variable costing? a. Sales less variable cost of goods sold b. Sales less cost of goods sold c. Sales less variable cost of goods sold, less variable selling and administrative expenses, less fixed cost of goods sold, less fixed selling, and administrative expenses. d. Sales less variable cost of goods sold, less variable selling and administrative expenses.
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Transcribed Image Text:How is the contribution margin calculated when utilizing variable
costing?
a. Sales less variable cost of goods sold
b. Sales less cost of goods sold
c. Sales less variable cost of goods sold, less variable selling and
administrative expenses, less fixed cost of goods sold, less fixed
selling, and administrative expenses.
d. Sales less variable cost of goods sold, less variable selling and
administrative expenses.
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