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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Definitions:

Skepticism

A philosophical approach that questions the validity or authenticity of something purported to be factual.

Sexual Response Cycle

The sequence of changes that occur in the body with increased sexual arousal, orgasm, and the return to the unaroused state, noted by William Masters and Virginia Johnson.

Vasocongestion

The swelling of bodily tissues caused by increased vascular blood flow and a localized increase in blood volume.