On the variable costing income statement, the figure representing the difference between the contribution margin and income from operations is the fixed manufacturing costs and fixed selling and administrative expenses.

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This is correct. On a variable costing income statement, only variable manufacturing costs and variable selling and administrative expenses are included in the calculation of the contribution margin. Fixed manufacturing costs and fixed selling and administrative expenses are then subtracted from the contribution margin to arrive at the income from operations.

On the Variable Costing Income Statement, the Figure Representing the Difference