In the Variable Costing Income Statement, Deduction of Variable Selling

question 29

Multiple Choice

In the variable costing income statement, deduction of variable selling and administrative expenses from manufacturing margin yields

• A)differential margin
• B)contribution margin
• C)gross profit
• D)marginal expenses

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Definitions:

Cohesiveness

The measure of how well members of a group or team work together to achieve common goals.

Attractiveness

In the context of business, it often relates to the appeal or magnetic quality that a product, service, or company has, making it desirable to customers, investors, or employees.

Orientation

The introduction and alignment of new employees to the company's environment, culture, and expectations to facilitate their adaptation and productivity.

Cross-functional Teams

Teams composed of members with different expertise working toward a common goal, encouraging diversity of thought.