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Question 25 (2 points) Which of the following statements is correct? a) In a contribution margin income statement, costs are classified into manufacturing and non-manufacturing

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Question 25 (2 points) Which of the following statements is correct? a) In a contribution margin income statement, costs are classified into manufacturing and non-manufacturing costs. b) Contribution margin is the difference between total sales revenues and all costs of production. c) In a contribution margin income statement, variable costs are subtracted from sales revenues to compute gross margin. d) In a traditional income statement, costs are classified by function into production and non-production costs

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