1 1 point Categorize the following items as relating to the Traditional Income Statement format or the Contribution Margin Income Statement format. Traditional Income Statement Contribution Margin Income Statement No Answers Chosen No Answers Chosen Possible answers Middle line is called "Contribution Margin i Associated with "Variable Costine' (if a Pearson question references that) Required by GAAP Middle line is called "Gross Profit Associated with 'Absorption Costing" of a Pearson question references that) Used internally by management Organized by variable costs vs.fixed costs Organized by product costs vs. period costs 2 1 point Which expenses are deducted ABOVE the Gross Profit line? O Operating Expenses Variable Expenses Cost of Goods Sold Fixed Expenses 3 1 point Which expenses are deducted BELOW the Contribution Margin line? Operating Expenses Cost of Goods Sold Variable Expenses Fixed Expenses