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Which of the following is the income statement formula for the absorption costing method? Sales Revenue - Cost of Goods Sold = Gross Margin -
Which of the following is the income statement formula for the absorption costing method?
- Sales Revenue - Cost of Goods Sold = Gross Margin - All Fixed Expenses = Operating Income
- Sales Revenue - All Variable Costs = Contribution Margin - All Fixed Expenses = Operating Income
- Sales Revenue - Cost of Goods Sold = Gross Margin - Selling and Administrative Expenses = Operating Income
- Sales Revenue - Variable Manufacturing Costs = Contribution Margin - Fixed Manufacturing Costs = Operating Income
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Payroll Accounting 2017
Authors: Bernard J. Bieg, Judith Toland
27th edition
1305675126, 1305675124, 9781305888586, 1305888588, 978-1337734776
