Question
Which of the following statements is true of contribution-margin format of the income statement? A. It calculates gross margin. B. It distinguishes manufacturing costs from
Which of the following statements is true of contribution-margin format of the income statement?
A.
It calculates gross margin.
B.
It distinguishes manufacturing costs from nonmanufacturing costs.
C.
It distinguishes between variable and fixed costs in its format.
D.
It is used for absorption costing.
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
