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Author Question: The formula for a contribution format income statement is (Read 54 times)

ahunt13

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on: Feb 5, 2023

Question 1

A contribution margin format income statement
◦ is acceptable for GAAP reporting.
◦ is based on cost function rather than on cost behavior.
◦ allows managers to assess the impact of sales volume on operating income.
◦ classifies costs as committed or discretionary.

Question 2

The formula for a contribution format income statement is
◦ Sales revenue - Variable costs = Contribution margin - Fixed costs = Operating income.
◦ Sales revenue - Discretionary costs = Gross profit - Committed costs = Operating income.
◦ Sales revenue - Step costs = Contribution margin - Fixed costs = Operating income.
◦ Sales revenue - Cost of goods sold - Discretionary costs = Operating income.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by ahunt13 on Feb 5, 2023

hillard sane

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ahunt13

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

juliaf

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Reply 3 on: Yesterday
Wow, this really help

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