Variable Costing Uses a Contribution Margin Income Statement

question 95

True/False

Variable costing uses a contribution margin income statement.

---

Definitions:

Noncontingent Basis

A situation or condition not dependent on certain events, conditions, or actions in order to occur or be valid.

E.E.O.

Equal Employment Opportunity, a policy ensuring all individuals have equal chances for employment, regardless of gender, age, race, religion, or other non-merit factors.

Unemployment Compensation

Financial assistance provided to individuals who have lost their job and meet certain eligibility requirements.

State Governments

The governing bodies of individual states within a federation, responsible for local lawmaking, public services, and policy enforcement.