Asked by Shehroze Tariq on Apr 28, 2024
Verified
What is a contribution margin report?
Contribution Margin Report
A financial report that shows the difference between a company's sales revenue and variable costs, which contributes towards covering the company's fixed costs and generating profit.
- Understand and prepare contribution margin and manufacturing margin reports.
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
A contribution margin report presents cost data in a manner that emphasizes the company's contribution margin and contribution margin ratio.The basic format is to present sales less variable costs equaling contribution margin.
Learning Objectives
- Understand and prepare contribution margin and manufacturing margin reports.
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