How Is the Contribution Margin Calculated When Utilizing Variable Costing

question 88

Multiple Choice

How is the contribution margin calculated when utilizing variable costing?

• A)Sales less variable cost of goods sold
• B)Sales less variable cost of goods sold,less variable selling and administrative expenses
• C)Sales less cost of goods sold
• D)Sales less variable cost of goods sold,less variable selling and administrative expenses,less fixed cost of goods sold,less fixed selling and administrative expenses

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Definitions:

Explicit memory

The conscious, intentional recollection of factual information, previous experiences, and concepts.

Reading comprehension

The ability to understand, interpret, and derive meaning from written text.

Working memory

A cognitive system responsible for temporarily holding information available for processing, crucial for reasoning and the guidance of decision-making and behavior.

Associative ability

Describes the capacity to learn and understand how different concepts, ideas, or symbols are connected, facilitating learning and memory processes.