Question: The contribution margin income statement differs from the gross margin income statement in which of the following ways? The contribution marein income statement is used

The contribution margin income statement differs from the gross margin income statement in which of the following ways? The contribution marein income statement is used for extemal reporting purpose. The effect of tales volume changes on proft is more apparent on the contribution margin income statement. The contribution income statement separates costs into product and period cost categories. Cost-volume-profit relationships can be analyzed more exsily from the gross margin income statement. The gross margin income statement separates costs into fixed and variable components

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