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Author Question: Which of the following statements is true of gross-margin format of the income statement? (Read 60 times)

Alygatorr01285

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on: Mar 6, 2021

Question 1

Which of the following statements is true of contribution-margin format of the income statement?
◦ It is used for absorption costing.
◦ It distinguishes between variable and fixed costs in its format.
◦ It distinguishes manufacturing costs from nonmanufacturing costs.
◦ It calculates gross margin.

Question 2

Which of the following statements is true of gross-margin format of the income statement?
◦ It distinguishes between manufacturing and nonmanufacturing costs.
◦ It distinguishes variable costs from fixed costs.
◦ It is used for variable costing.
◦ It calculates the contribution margin from sales.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by Alygatorr01285 on Mar 6, 2021

medine

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Reply #1 on: Mar 6, 2021
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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Alygatorr01285

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

helenmarkerine

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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