Which of the Following Will Appear as a Line Item

question 120

Multiple Choice

Which of the following will appear as a line item in the income statement prepared under variable costing?

• A)contribution margin
• B)total cost of goods sold
• C)work-in-process inventory
• D)gross profit

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Definitions:

Central Traits

The handful of outstanding traits that describe a person’s behavior.

Cardinal Traits

The most pervasive and powerful human traits.

Functional Autonomy

The concept that motives in an adult are independent of the early experiences in which they originally appeared.

Perseverative Striving

Perseverative striving is the repeated and continuous effort towards a goal, even in the face of obstacles, frustration, or evidence that the goal may be unattainable.