The difference between contribution margin and income from operations is ________. a. net income b. variable costs c. fixed costs d. None of these choices are correct.
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B6.
The difference between contribution margin and income from operations is ________.
a. net income
b. variable costs
c. fixed costs
d. None of these choices are correct.
Step by step
Solved in 2 steps
- Which method results in a more realistic amount for income because it matches the most current costs against revenue? a.FIFO b.Weighted average cost c.Specific identification d.LIFOWhat type of cost is included in economic costs, but not included in accounting costs?a. Explicit costsb. Negative costsc. Normal profitd. Marginal coste. Unit costsConsider the following statements: (1) Total costs will equal the sum of fixed and variable costs. (2) Total costs will equal the sum of direct and indirect costs. Which of these statements is/are correct? A. 2 only OB. 1 only OC. Neither 1 nor 2 OD. 1 and 2
- 9. The point where the sales line and the total expense line intersects represents the A. profit point. B. contribution point. C. breakeven point. D. margin point.Q.Classify each cost as value-added, non-value-added, or in the gray area between.Explain the meaning of (A) differential revenue, (B) differential cost, and (C) differential profit (loss).
- When contribution is positive but equal to fixed cost: a. There is loss less than fixed cost b. There is loss equal to fixed cost c. There is loss more than fixed cost d. There will be neither profit nor lossA. What is the net income under variable costing method?B. What is the net income under absorption costing method?a.Variable costs in the context of cost-volume-profit (CPV) analysis? b. Fixed costs in the context of CPV analysis? c. Contribution margin in the context of CPV analysis?
- In describing the cost formula equation Y = a + bX, which of the following statements is NOT correct? (A As "X" increases "Y" increases. (B) "X" is the level of activity. In the high-low method, "b" equals change in activity divided by change in costs. "a" is the fixed component.(Variable cost = Total cost - Fixed cost - Net profit) you have not consider the net profit in the calculation. I think it should be added right ?Complete the sentence: In a modified B/C (Benefit/Cost) Ratio... Select one: o a.disbenefits are put in the denominator. o b.M&O costs are put in the denominator. .M&O costs are put in the numerator. o d.benefits are subtracted from the costs.