On the Variable Costing Income Statement,the Figure Representing the Difference

question 134

Multiple Choice

On the variable costing income statement,the figure representing the difference between manufacturing margin and contribution margin is the:

• A) fixed manufacturing costs
• B) variable cost of goods sold
• C) fixed selling and administrative expenses
• D) variable selling and administrative expenses

---

Definitions:

Voucher Register

A record-keeping system that logs all vouchers issued and paid by a business, detailing payments to suppliers and services.

Date Of Payment

The date the dividend is paid.

Purchases Credit

A transaction type where goods or services are bought on account, with payment to be made at a future date, usually within an agreed period.

Voucher System

A method of accounting in which each transaction is documented with a voucher, ensuring that every payment is authorized and accounted for properly.