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    Financial vs Managerial Accounting

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    How is the concept of "cost of goods sold" different from "contribution margin"?

    © BrainMass Inc. brainmass.com December 24, 2021, 11:40 pm ad1c9bdddf

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    The cost of goods sold includes all the costs of inventory that are sold including fixed and variable manufacturing costs. Variable manufacturing costs include direct materials cost, direct labor and variable manufacturing overheads, and ...

    Solution Summary

    This response compares the "cost of goods sold" and "contribution margin".