In Order to Prepare a Contribution Format Income Statement

question 129

Multiple Choice

In order to prepare a contribution format income statement:

• A) costs must be separated into manufacturing and selling, general, and administrative costs.
• B) costs must be separated into cost of goods sold and operating expenses.
• C) costs must be separated into variable and fixed costs.
• D) costs must be separated into mixed, variable and fixed costs.

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Definitions:

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