The contribution-margin format of the income statement:
A)is used with absorption costing
B)highlights the lump sum of fixed manufacturing costs
C)distinguishes manufacturing costs from nonmanufacturing costs
D)calculates gross margin

Question

Quizplus · Accepted Answer

The contribution-margin format highlights the lump sum of fixed costs, separating them from variable costs, which is a key feature of this format.

The Contribution-Margin Format of the Income Statement