Contribution Margin vs Gross Margin. Contribution Margin vs Standard Cost.
Mar 11, 2020•20 min•Season 1Ep. 47
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Episode description
Make more profit by focusing on contribution margin, fixed costs and revenue - in that order.
Gross margin, reported in audited financial statements, is often misleading when it comes to managerial decisions. Same with standard costing.
Contribution margin leads to better decision making.
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