Select the Appropriate Classification of Each of the Costs Listed

question 13

Multiple Choice

Select the appropriate classification of each of the costs listed below.* Each classification may be used more than once, and it is possible that one or more of the classifications may not be used at all.
-Variable administrative expense

• A)deduction from Revenue in calculation of Contribution Margin
• B)deduction from Revenue in calculation of Gross Margin
• C)deduction from Revenue in calculation of both Contribution Margin and Gross Margin
• D)deduction from both Contribution Margin and Gross Margin in calculating Operating Income

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Definitions:

Natural Talent

Inherent abilities or aptitudes that an individual possesses, which can give them an advantage in certain areas or activities.

Memory-Recall

The cognitive process of retrieving information from the past, ranging from facts and events to skills and emotions.

Bodily-Kinesthetic

Referring to the intelligent use of the body to express oneself or to solve problems, highlighting physical coordination and skill.

Verbal-Linguistic

Referring to a type of intelligence related to words and languages, including abilities in reading, writing, speaking, and understanding.