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Answer the Following Questions Using the Information Below

Question 3

Multiple Choice

Answer the following questions using the information below:
Holly's Ham, Inc. sells hams during the major holiday seasons. During the current year 11,000 hams were sold resulting in $220,000 of sales revenue, $55,000 of variable costs, and $24,000 of fixed costs.
-The contribution income statement highlights:


A) gross margin
B) products costs and period costs
C) different product lines
D) variable and fixed costs

Correct Answer:

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