The traditional and contribution margin income statements both communicate a company's revenues, expenses and profits or losses for an accounting period. The top line is revenue and the bottom line is ...

Absorption costing is a form of accounting that includes or absorbs all fixed and variable costs into the cost of manufacturing an item, including labor, materials and overhead costs. When this form ...

Traditional and contribution margin income statements provide a detailed picture of a company's finances for a given period of time. While both serve the purpose of showing whether a company has a net ...