On the Variable Costing Income Statement, the Figure Representing the Difference

question 51

Multiple Choice

On the variable costing income statement, the figure representing the difference between manufacturing margin and contribution margin is

• A)fixed manufacturing costs
• B)variable cost of goods sold
• C)fixed selling and administrative expenses
• D)variable selling and administrative expenses

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Equal Rights Amendment

A proposed amendment to the United States Constitution aimed at guaranteeing equal legal rights for all American citizens regardless of sex, initially introduced in Congress in 1923 and passed in 1972 but not ratified by enough states.

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A U.S. federal law passed in 1972 that prohibits gender discrimination in any education program or activity receiving federal financial assistance.

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A Supreme Court case in 1992 that allowed for damages to be awarded in cases of sex discrimination in schools under Title IX.

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