Product Contribution is a measure of how profitable each of your products was last year by taking your Sales Revenue, Less Cost of Goods Sold to find the product's Gross Margin. Which report would you view to see the Gross Margins and the Costs of Goods Sold for each of your products last year?

Question

Bentley Downs

Business

20 March, 15:40

Product Contribution is a measure of how profitable each of your products was last year by taking your Sales Revenue, Less Cost of Goods Sold to find the product's Gross Margin. Which report would you view to see the Gross Margins and the Costs of Goods Sold for each of your products last year?

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Answers (1)

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Nikolas Dorsey · Answer 1

The report which will be viewed to see the Gross profit and COGS is the Income Statement.

Explanation:

The report which will be viewed is the Income Statement, as it is that statement which states the company or firm incomes as well as the expense and from the income or revenue, the expenses are subtracted or deducted which states the net income of the business for a specific time period.