Which of the following statements does not describe contribution?
A) The surplus that arises from the production and sale of one unit of product or service.
B) The profit that is left over once all the costs of the producing or service organization have been deducted from sales revenue.
C) The marginal revenue generated from selling and producing one more unit of product or service.
D) The selling price less all the variable costs of production.
Correct Answer:
Verified
Q2: Selling price - total costs = contribution
Q3: Contribution = selling price - variable costs
Q4: The directors of BB Limited are quoting
Q5: In decision making, irrelevant costs are those
Q6: Which of the following costs are relevant
Q7: TVA Limited has a set of 25
Q8: Opportunity cost is the next best alternative
Q9: Your audit firm has been approached by
Q10: Which one of the following statements is
Q11: Which one of the following describes sensitivity
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents