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Which of the following is true of the contribution margin income statement? A. Selling costs are never included in the calculation of contribution margin. B.
Which of the following is true of the contribution margin income statement?
| A. | Selling costs are never included in the calculation of contribution margin. | |
| B. | The contribution margin is the amount that is available to cover fixed costs. | |
| C. | Both fixed and variable manufacturing costs are deducted to calculate contribution margin. | |
| D. | All of the other answers are incorrect. |
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Financial Accounting
Authors: Carl Warren
13th Edition
1133607616, 978-1133607618
