The contribution margin format income statement o results in a larger amount of operating income than the traditional income statement format. o uses a behavior pattern classification for costs rather than a functional cost classification approach o is most frequently used for financial statement reporting purposes. O emphasizes that all costs change in proportion to any change in revenues. Managerial accounting, as compared to financial accounting: must conform to GAAP. places a great deal of emphasis on historical transactions. uses frequent and prompt control reports. focuses on information prepared for the investors and creditors. Next