Which One of the Following Is the Format of a CVP

question 60

Multiple Choice

Which one of the following is the format of a CVP income statement?

• A)Sales - Variable costs = Fixed costs + Net income
• B)Sales - Fixed costs - Variable costs - Operating expenses = Net income
• C)Sales - Cost of goods sold - Operating expenses = Net income
• D)Sales - Variable costs - Fixed costs = Net income

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Definitions:

Data Set

A collection of data points or information that can be analyzed or used in research.

Class Intervals

Segments or divisions of data into intervals, often in a frequency distribution, to simplify the representation and analysis of large datasets.

Insurance Company

An insurance company is a financial institution that provides a range of insurance products to protect individuals and businesses against risk.

Homeowners

Individuals or entities who possess ownership rights to a residential property.