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:

Experiences

Experiences encompass all the events, interactions, and activities an individual goes through in life, contributing to their knowledge, skills, and personal development.

Feelings

Subjective experiences of emotions, such as happiness, sadness, anger, or love, often influencing behavior and thought.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.

Abraham Maslow

A psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.