The contribution income statement:

A. Reports gross margin

B. Is allowed for external reporting to shareholders

C. Categorizes costs as either direct or indirect

D. Can be used to predict future profits at different levels of activity

The higher the margin of safety:

A.

The higher the risk of incurring a loss

B.

The lower the risk of incurring a loss

C.

The less profitable a company will be

D

.

The engineering method estimates cost functions:

	A.	Based on analysis and opinions gathered from various departments
	B.	By classifying cost as fixed or variable based upon an analysts prior knowledge
	C.	Using qualitative rather than quantitative analysis
	D.	By analyzing the relationship between inputs required and the cost of those inputs

All of the above