The Contribution Margin Approach to the Income Statement

question 94

Multiple Choice

The contribution margin approach to the income statement:

• A) organizes costs on a functional basis.
• B) is useful to managers in planning and decision making.
• C) shows a contribution margin rather than a net income figure at the bottom of the statement.
• D) can be used only by manufacturing companies.

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Definitions:

Data Source

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PivotChart Layout

A format or structure applied to PivotCharts in spreadsheet applications, determining how data is summarized and displayed visually.

Workbook Links

References between different Microsoft Excel workbooks that allow data in one workbook to automatically update based on changes in another workbook.

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An option in software applications that allows users to modify the origin of the data being used, such as changing the database or spreadsheet being accessed.