A ________ groups cost by behavior; 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, specifically into variable costs (costs that vary with changes in activity level) and fixed costs (costs that remain constant regardless of activity level).

A ________ Groups Cost by Behavior; Costs Are Classified as Either