A Study Was Recently Conducted by the Regional Electric and Gas

question 5

Multiple Choice

A study was recently conducted by the regional electric and gas company. Data were collected for three customer categories showing the dollar amount of natural gas and the dollar amount of electricity consumed during the year. Which of the following graphs would most likely be used to display both sets of data together?

• A) Pie chart
• B) Bar chart
• C) Line chart
• D) Histogram

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Definitions:

Contribution Margin Report

A financial report detailing the variable costs deducted from net sales to determine the contribution margin, used in managerial accounting to make decisions.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from total revenue.

Manufacturing Margin

The difference between the sales revenue of manufactured goods and the direct costs associated with producing those goods.

Total Variable Costs

All costs that vary with the level of production or sales, including materials, labor, and overhead expenses.