Under Variable Costing,subtract Variable Costs from Sales to Arrive at

question 32

Multiple Choice

Under variable costing,subtract variable costs from sales to arrive at

• A)Gross profit
• B)Gross margin
• C)Contribution margin
• D)Net income

---

Definitions:

Interval Estimate

Interval Estimate is a range of values used to estimate a population parameter, typically expressed through confidence intervals.

Population Parameter

A value, such as a mean or standard deviation, that describes a characteristic of an entire population.

Normal Distribution

A distribution pattern in probabilities that is balanced around the mean, signifying that data points near the mean have a higher frequency of occurrence compared to those far from the mean.

T Distribution

A probability distribution that arises when estimating the mean of a normally distributed population in situations where the sample size is small and the population standard deviation is unknown.