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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 October 10, 2019, 7:40 am ad1c9bdddf
    https://brainmass.com/business/finance/590795

    Solution Preview

    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".

    $2.19