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Question 20 2 pts In the absorption income statement, Sales less Cost of Goods Sold is the calculation for o Contribution margin O Gross margin Net Income o Operating Income Question 21 2 pts In the variable income statement, contribution margin is calculated by: Sales - Variable Cost of Goods Sold. Variable Selling and Administrative Sales. Variable Cost of Goods Sold Sales - Variable Selling and Administrative O None of those listed Question 22 2 pts Management Judgement o Has ethical implications Is important in determining cost behavior. o Management may use experience and judgement to refine statisticals motius All of those listed