Which of the following items would not be found on a contribution format income statement?
A) Fixed cost
B) Variable cost
C) Gross margin
D) Net income

Question

Quizplus · Accepted Answer

Gross margin is typically found on a traditional income statement, not on a contribution format income statement. The contribution format specifically separates costs into variable and fixed, focusing on contribution margin rather than gross margin.

Which of the Following Items Would Not Be Found on a Contribution