Which of the following will appear as a line item in the income statement prepared under variable costing?
A) Contribution Margin
B) Total Cost of Goods Sold
C) Work-in-Process Inventory
D) Gross Profit

Question

Quizplus · Accepted Answer

Contribution Margin is a key component in the income statement prepared under variable costing, as it represents the amount remaining from sales revenue after variable expenses have been deducted, highlighting the profitability of products.

Which of the Following Will Appear as a Line Item