The following is Allison Corporation's contribution format income statement for December 2014:
$\begin{array}{|l|r|}
\hline \text { Sales } & \$ 800,000 \
\hline \text { Less: variable expenses } & 300,000 \
\hline \text { Contribution margin } & 500,000 \
\hline \text { Less: fixed expenses } & \$ 400,000 \
\hline \text { Operating income } & \$ 100,000 \
\hline
\end{array}$

Question

The following is Allison Corporation's contribution format income statement for December 2014:
 $\begin{array}{|l|r|}
\hline \text { Sales } & \$ 800,000 \
\hline \text { Less: variable expenses } & 300,000 \
\hline \text { Contribution margin } & 500,000 \
\hline \text { Less: fixed expenses } & \$ 400,000 \
\hline \text { Operating income } & \$ 100,000 \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of The following is Allison Corporation's contribution format income statement for December 2014:
 $\begin{array}{|l|r|}
\hline \text { Sales } & \$ 800,000 \
\hline \text { Less: variable expenses } & 300,000 \
\hline \text { Contribution margin } & 500,000 \
\hline \text { Less: fixed expenses } & \$ 400,000 \
\hline \text { Operating income } & \$ 100,000 \
\hline
\end{array}$

The Following Is Allison Corporation's Contribution Format Income Statement for December