Question: The formula for a contribution format income statement is Sales revenue Cost of goods sold Discretionary costs = Operating income. Sales revenue Variable costs =

The formula for a contribution format income statement is Sales revenue

The formula for a contribution format income statement is Sales revenue Cost of goods sold Discretionary costs = Operating income. Sales revenue Variable costs = Contribution margin Fixed costs = Operating income. Sales revenue Step costs = Contribution margin Fixed costs = Operating income. Sales revenue Discretionary costs = Gross prot - Committed costs = Operating income. Save for Later Attempts: 0 of 1 used

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