Definition: Van Diemen's Land, the island south of mainland Australia, is now known as Tasmania. In the 1800s it was a penal colony to which the British government sent convicts. Some of the Irish rebels tried for their parts in the Young Ireland movement of the 1840s were sent to Van Diemen's Land.n the 1800s it was a penal colony to which the British government sent convicts. Some of the Irish rebels tried for their parts in the Young Ireland movement of the 1840s were sent to Van Diemen's Land.
What is contribution margin? In accounting contribution margin is defined as revenues minus variable expenses. In other words, the contribution margin reveals how much of a company's revenues will be contributing (after covering the variable expenses) to the company's fixed expenses and net income.
The contribution margin is a concept used with breakeven point or in break-even analysis. In words, the contribution margin is the amount of money a company has to cover its fixed costs after it pays all of its variable expenses.ontribution Margin per unit of sales = Sales Revenue per Unit-Variable Expenses per Unit. Contribution Margin-Fixed Costs = Net Operating Profit or Loss. The break-even formula calculates the point at which a company's sales are zero-there is no profit or loss: