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FOLLOWING ARE KEY TERMS RELATING TO THE CONCEPT...

FOLLOWING ARE KEY TERMS RELATING TO THE CONCEPT...

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FOLLOWING ARE KEY TERMS RELATING TO THE CONCEPT OF A CONTRIBUTION INCOME STATEMENT REPORTING FORMAT:

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Following are key terms relating to the concept of a contribution income statementreporting format:General corporate costsContribution marginControllable contribution marginNon-traceableSegment marginControllable fixed costsNet incomeUncontrollable fixed costsDetermine which of the following descriptions is best associated with each of the aboveterms:(a)These are subtracted from the segment margin to arrive at net income.(b)This amount is useful in evaluating management performance for a unit.(c)This is the result of subtracting all variable costs from revenues.(d)This is a measure of business viability.(e)This result would not relate to any segment, but only the corporate total.(f)These are incurred by a unit, but are not useful in evaluating unit management.(g)These costs may be attributable to a division, but not a specific product.(h)This amount is subtracted from the contribution margin to find the controllablecontribution margin.Name:Date:(a)Section:

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