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The Following Data Relate to Lebeaux Corporation for the Year

Question 54

Multiple Choice

The following data relate to Lebeaux Corporation for the year just ended: The following data relate to Lebeaux Corporation for the year just ended: Which of the following statements is correct? A) Lebeaux 's variable-costing income statement would reveal a gross margin of $270,000. B) Lebeaux 's variable costing income statement would reveal a contribution margin of $330,000. C) Lebeaux 's absorption-costing income statement would reveal a contribution margin of $330,000. D) Lebeaux 's absorption costing income statement would reveal a gross margin of $330,000. E) Lebeaux 's absorption-costing income statement would reveal a gross margin of $145,000.
Which of the following statements is correct?


A) Lebeaux 's variable-costing income statement would reveal a gross margin of $270,000.
B) Lebeaux 's variable costing income statement would reveal a contribution margin of $330,000.
C) Lebeaux 's absorption-costing income statement would reveal a contribution margin of $330,000.
D) Lebeaux 's absorption costing income statement would reveal a gross margin of $330,000.
E) Lebeaux 's absorption-costing income statement would reveal a gross margin of $145,000.

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