Which type of cost does a manager have the authority

Assignment Help Financial Accounting

Reference no: EM132796500

Problem 1: The difference between total revenue and total variable cost is called:

Option 1: Gross Profit

Option 2: Gross Margin

Option 3: Contribution Margin

Option 4: Profit

Option 5: None of these choices is correct.

Problem 2: Which type of cost does a manager have the authority and discretion to change?

Option 1: Controllable cost

Option 2: Committed cost

Option 3: Responsibility cost

Option 4: Sunk cost

Reference no: EM132796500

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