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A contribution margin income statement using variable costing would take the following form: Sales - Direct Costs = Operating Income Sales - Variable Costs =

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A contribution margin income statement using variable costing would take the following form: Sales - Direct Costs = Operating Income Sales - Variable Costs = Gross Margin - Selling and Administrative Expenses = Operating Income Sales - Cost of Goods Sold Variable costs = Operating Income Sales - Variable Costs = Contribution Margin Fixed Costs = Operating Income

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