Which of the following descriptions would not be found on an income statement prepared using variable costing?
A) Sales
B) Fixed costs
C) Cost of goods sold
D) Net operating income

Name: Which of the following descriptions would not be found on an income statement prepared using variable costing? A) Sales B) Fixed costs C) Cost of goods sold D) Net operating income
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Question

Quizplus · Accepted Answer

Under variable costing, cost of goods sold is not used; instead, variable costs and fixed costs are separated.

Which of the Following Descriptions Would Not Be Found on an Income