On the variable costing income statement, all of the fixed costs are deducted from the contribution margin.
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Q1: In variable costing, the cost of products
Q2: The taxes on the factory superintendent's salary
Q3: The factory superintendent's salary would be included
Q4: Property taxes on a factory building would
Q5: On the variable costing income statement, deduction
Q7: Electricity purchased to operate factory machinery would
Q8: On the absorption costing income statement, deduction
Q9: In variable costing, fixed costs do not
Q10: Variable costing is also known as direct
Q11: In determining cost of goods sold, two
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