Answered: The difference between total revenues…

The difference between total revenues and total variable costs is known as ______________ Contribution margin Gross margin Operating income Fixed costs

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 3Q: Explain how a contribution margin income statement can be used to determine profitability.

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Question

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The difference between total revenues and total variable costs is known as ______________

Contribution margin
Gross margin
Operating income
Fixed costs

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