2.Which of the following would be reported on a variable costing income statement?

Multiple Choice

• Gross Profit
• Cost of goods available for sale
• Total cost of goods sold
• Contribution margin
• Work-in-process inventory

6.Alexis Company reports the information below. The contribution margin ratio for the Northern Territory is:

Northern TerritorySouthern TerritorySales$ 3,800,000$ 4,200,000

Contribution margin1,824,0002,100,000

Multiple Choice

• 43%
• 48%
• 50%
• 55%
• 52%