Question: 2.Which of the following would be reported on a variable costing income statement? Multiple Choice Gross Profit Cost of goods available for sale Total cost

2.Which of the following would be reported on a variable costing income statement?

Multiple Choice

  • Gross Profit
  • Cost of goods available for sale
  • Total cost of goods sold
  • Contribution margin
  • Work-in-process inventory

6.Alexis Company reports the information below. The contribution margin ratio for the Northern Territory is:

Northern TerritorySouthern TerritorySales$ 3,800,000$ 4,200,000

Contribution margin1,824,0002,100,000

Multiple Choice

  • 43%
  • 48%
  • 50%
  • 55%
  • 52%

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