Which of the following is not a way to calculate Absorption Net Income? Select one: A. Contribution Margin Selling and Administrative Expenses B. Gross Profit Non-Manufacturing Costs C. Variable Net Income + (Change in Inventory units x Fixed Overhead Rate) D. All of the above equal Absorption Net Income E. None of the above equal Absorption Net Income

Which of the following costs would not be subtracted from Revenue to calculate Gross Profit on an Absorption Income Statement?

A. Direct Materials costs

B. Sales commissions

C. Variable Manufacturing Overhead

D. Direct Labor Wages

E. All of the above would be subtracted