A(n)________ groups cost by behavior; that is,costs are classified as either variable costs or fixed costs.
A) balance sheet
B) contribution margin income statement
C) traditional income statement
D) absorption costing income statement

Question

Quizplus · Accepted Answer

The contribution margin income statement groups costs by behavior, classifying them as either variable costs or fixed costs, which helps in analyzing how profits change when sales levels change.

A(n)________ Groups Cost by Behavior; That Is,costs Are Classified as Either