What Is the Equivalent of Gross Margin on a Variable

question 86

Multiple Choice

What is the equivalent of gross margin on a variable costing income statement?

• A)gross profit
• B)contribution margin
• C)net income
• D)territory margin

---

Definitions:

Quality Circles

Small groups of employees who meet regularly to discuss and solve problems related to work quality and efficiency.

Negative Impact

Refers to the adverse outcomes or dangerous effects resulting from an action, process, or event.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates, encompassing both natural and built elements.

Project Team

A group of individuals assembled to work on a project with a specific goal and timeline, often bringing together diverse skills and expertise.