Which of the following terms do not appear on the contribution margin format income statement?

Question

Quizplus · Accepted Answer

The contribution margin format income statement focuses on the contribution margin, which is the sales revenue minus all variable expenses. Therefore, it includes the contribution margin, variable expenses, and operating income. Gross profit, which is the sales revenue minus the cost of goods sold, is not relevant to the contribution margin format income statement as it includes fixed costs as well.

Which of the Following Terms Do Not Appear on the Contribution