On a traditional income statement, all manufacturing-related costs, whether fixed or variable, are listed
A)above the gross profit line.
B)above the contribution margin line.
C)below the operating income line.
D)above the sales line.

Question

Quizplus · Accepted Answer

Manufacturing-related costs are considered part of cost of goods sold (COGS) and are therefore listed above the gross profit line on a traditional income statement.

On a Traditional Income Statement, All Manufacturing-Related Costs, Whether Fixed