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  3. Study Set
    Cost Accounting Foundations and Evolutions
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    Exam 3: Predetermined Overhead Rates, Flexible Budgets, and Absorptionvariable Costing
  5. Question
    An Income Statement Is Prepared as an Internal Report
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An Income Statement Is Prepared as an Internal Report

Question 42

Question 42

Multiple Choice

An income statement is prepared as an internal report.Under which of the following methods would the term contribution margin appear?
Absorption costing       Variable costing


A) no no
B) no yes
C) yes no
D) yes yes

Correct Answer:

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