Author name: Oskutomka

Our goal is to deliver the most understandable and comprehensive explanations of financial topics using simple writing complemented by helpful graphics and animation videos. We follow strict ethical journalism practices, which includes presenting unbiased information and citing reliable, attributed resources. Journal Entries: Post an accounting entry for purchase returns in the books of Unreal Corporation. […]

While the former considers only variable costs, the latter takes into account both variable and fixed costs. You may need to use the contribution margin formula for your company’s net income statements, net sales or net profit sheets, gross margin, cash flow, and other financial statements or financial ratios. You need to calculate the contribution

Shaun Conrad is a Certified Public Accountant and CPA exam expert with a passion for teaching. After almost a decade of experience in public accounting, he created MyAccountingCourse.com to help people learn accounting & finance, pass the CPA exam, and start their career. Calculate the original and revised flexed budgets if the journey is made