5. For a manufacturing company, all turing company, all of the following statements are true, except: ntoriable costs include all costs associated with a product that is being manufactured, including manufacturing overhead. Inventoriable costs are considered assets in a company's balance sheet prior to being sold. C. Inventoriable costs are expensed as cost of goods sold when the product is sold. Inventoriable costs are expensed on a company's income statement during the production process. 6. Contribution margin is: A. what remains from total sales after deducting fixed costs. B. what remains from total sales after deducting only variable cost of goods sold. C, the sum of variable cost of goods sold and other variable costs. D. what remains from total sales after deducting all variable costs. Which of the following formulas will not calculate the Contribution Margin Percentage (CM%), which could also be referred to as the Contribution Margin Ratio? A. CM% = 1 - Variable Cost Percentage B. CM% = Contribution Margin Per Unit / Sales Price C CM% = Total Contribution Margin / Total Sales D/CM% = Total Sales - Total Variable Costs E: All of the formulas will accurately calculate the CM% 8. Calip Corporation, a merchandising company, reported the following results for October. Calculate Calip's contribution margin: Sales... Total variable cost of goods sold ........ Total variable selling costs ... Total fixed selling costs.. Total variable administrative costs...... Total fixed administrative costs .. $433,000 $173,000 >$18,000 $9,900 $10,000 $25,600 A. $260,000 (B. $232,000 C. $196,500 D. $369,500 433,000 - 173,000 - 18, BO