Which of the Following Would Be a Line Item for a Variable

question 187

Multiple Choice

Which of the following would be a line item for a variable costing income statement?

• A) Gross margin
• B) Cost of goods available for sale
• C) Total cost of goods sold
• D) Contribution margin
• E) Work-in-process inventory

---

Definitions:

Fundamental Attribution Error

The tendency to overestimate the effect of personality or disposition and underestimate the influence of situational factors when interpreting the behavior of others.

Environmental Factors

External elements like climate, geography, and pollution that can affect organisms and their development.

Self-Serving Bias

The common tendency to attribute one's successes to personal characteristics and failures to external factors.

Rose-Colored Glasses

An idiom describing an overly optimistic and unrealistic perspective on situations, where negative aspects are overlooked or dismissed.