Please explain your choices? I wanted to double check to see if I understood the questions correctly
Homework Answers
When sales are increased by 21% variable cost and contribution margin will also increase by the same percentage under marginal costing. For calculating gross margin we take into account the cost of goods sold which includes variable costs such as direct material, direct labor etc..
(d) Variable cost, Gross margin, Contribution margin
Because of fixed cost the net operating income will increase more than the percentage of increase in sales. Fixed cost does not change with the change in the level of sales.
(e) Net operating income
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Please explain your choices? I wanted to double check to see if
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> Gross Margin will not increase as cost of goods sold also consists of fixed cost and it will remans constant even if the sales changes. So there change in proportion will be different
HSharma007 Fri, Apr 8, 2022 10:22 AM