The equation which reflects a CVP income statement is Question 1 options: Sales Variable costs + Fixed costs = Net income. Sales = Cost of goods sold + Operating expenses + Net income. Sales Variable costs Fixed costs = Net income. Sales + Fixed costs = Variable costs + Net income. A major accounting contribution to the managerial decision-making process in evaluating possible courses of action is to Question 2 options: assign responsibility for the decision. provide relevant revenue and cost data about each course of action. determine the amount of money that should be spent on a project. decide which actions that management should consider. Internal reports that review the actual impact of decisions are prepared by Question 3 options: department heads. factory workers. management accountants. the controller. Which of the following steps in the management decision-making process does not generally involve the managerial accountant? Question 4 options: Prepare internal reports that review the impact of decisions Make the appropriate decision based on relevant data None of these answer choices are correct. Determine possible courses of action Differential analysis would be appropriate for Question 5 options: acceptance of an order at a special price. a retain or replace equipment decision. a sell or process further decision. all of these answer choices are correct.