A contribution margin income statement classifies costs by function; that is,costs are classified as either product costs or period costs.

Name: A contribution margin income statement classifies costs by function; that is,costs are classified as either product costs or period costs.
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A contribution margin income statement classifies costs by behavior, not function. Costs are classified as either variable or fixed costs, regardless of whether they are product or period costs.

A Contribution Margin Income Statement Classifies Costs by Function; That