On a Variable Costing Income Statement,the Difference Between Sales and Variable

question 67

Multiple Choice

On a variable costing income statement,the difference between sales and variable cost of goods sold is called:

• A)gross margin.
• B)contribution margin.
• C)profit margin.
• D)manufacturing margin.

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Shareholders

Individuals or entities that own shares in a corporation, giving them ownership interests and usually voting rights in the company.

Stock Options

are financial derivatives that give the holder the right, but not the obligation, to buy or sell stocks at a predetermined price within a specific period.

Unethical Behavior

Actions or practices that violate moral or professional standards of conduct.

Corporation

A legal entity recognized by law as separate from its owners, providing limited liability protection to its shareholders.