Which of the Following Terms Would Be Found on an Income

question 65

Multiple Choice

Which of the following terms would be found on an Income Statement using variable costing?

• A)Contribution margin
• B)Variable manufacturing overhead
• C)Fixed manufacturing overhead not included in cost of goods sold
• D)Gross profit

---

Definitions:

Inventory Holding Costs

Expenses associated with storing and maintaining unsold goods, including warehousing, insurance, and depreciation.

Obsolescence Cost

Costs incurred due to inventory or assets becoming outdated or no longer useful.

Multiechelon Supply Chain

A complex supply chain structure involving multiple levels of suppliers, manufacturers, and distribution centers.

Integer Rule

A mathematical principle that states solutions to certain problems must be whole numbers, commonly applied in optimization and scheduling.