Operating Income Using the Contribution Margin Format Income Statement Is

question 51

Multiple Choice

Operating income using the contribution margin format income statement is calculated as:

• A)revenue - variable expenses = contribution margin - fixed expenses.
• B)revenue - variable expenses = gross profit - fixed expenses.
• C)revenue - cost of goods sold = contribution margin - fixed expenses.
• D)revenue - cost of goods sold = contribution margin - operating expenses.

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