Excess of sales over the cost of goods sold, Accounting Basics

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Excess of sales over the cost of goods sold

On an income statement prepared with a direct costing approach, the excess of sales over the cost of goods sold, based on variable costs only, is referred to as the:

a)marginal gross profit on sales

b)manufacturing margin

c)marginal income on sales

d)contribution margin

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Accounting Basics: Excess of sales over the cost of goods sold

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Request for Solution File

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Accounting Basics: Excess of sales over the cost of goods sold

Reference No:- TGS062683

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Investment in the equipment financially attractive

Q : Equity changed-amount from the beginning of the year

Q : Direct costing-manufacturing margin

Q : Company-wide net income

Q : Excess of sales over the cost of goods sold

Q : Prepare general journal entry to record the issuance of bond

Q : Reduction in retained earnings problem

Q : Interest and the amortization of premium on the bonds

Q : Percentage-of-completion basis

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Excess of sales over the cost of goods sold

Reference No:- TGS062683

Recent Questions Asked Accounting Basics

Q : Investment in the equipment financially attractive

Q : Equity changed-amount from the beginning of the year

Q : Direct costing-manufacturing margin

Q : Company-wide net income

Q : Excess of sales over the cost of goods sold

Q : Prepare general journal entry to record the issuance of bond

Q : Reduction in retained earnings problem

Q : Interest and the amortization of premium on the bonds

Q : Percentage-of-completion basis

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