Which of the Following Statements About Contribution Format Income Statement

question 56

Multiple Choice

Which of the following statements about contribution format income statement is incorrect?

• A) It is used as an internal planning and decision making tool
• B) It facilitates cost volume profit analysis
• C) It separates costs into fixed and variable first deducting variable expenses from sale to obtain contribution margin
• D) It emphasizes the function of production, administration and sales with no distinguish between fixed and variable costs

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Definitions:

Peacekeeper

An individual or force involved in the prevention, mitigation, or resolution of conflict within or between communities or nations.

Interactive Processes

Dynamic activities or operations involving two or more entities (such as people or systems) that affect or influence each other.

Family Nurturing

The process of promoting and supporting the physical, emotional, social, and intellectual development of a child from infancy to adulthood within the family context.

Family Structure

The makeup of a family, including the relationships and roles of its members.