The Value Stream Income Statement Provides the Following Information Not

question 13

Multiple Choice

The value stream income statement provides the following information not usually contained in the contribution income statement:

• A) Allocated fixed costs.
• B) Contribution by profit center.
• C) A separate accounting for the effect of inventory change on profit.
• D) A separate accounting for the effect of productivity change on profit.

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Definitions:

Quadratic

Pertaining to an equation, function, or term of the second degree, usually taking the form ax^2 + bx + c where a, b, and c are constants.

Direction

The course along which someone or something moves, points, or faces.

Horizontal

Describing a direction or plane that runs parallel to the ground or baseline in a coordinate system, often used to represent stability or equality.

Vertical

Relating to or denoting a direction or plane that is perpendicular to the horizon or to a base line, often used in various fields to describe orientation.