Variable costing income statements are based upon a Blank$\_\_\_\_\_\_$ format.

Multiple choice question.

contribution$$

traditional

product vs$.$ period costs

Multiple choice question.

Both internal and external income statements are generally prepared using absorption costing.

Internal income statements are generally prepared using variable costing and external income statements are generally prepared using absorption costing.

Both internal and external income statements are generally prepared using variable costing.

Internal income statements are generally prepared using absorption costing and external income statements are generally prepared using variable costing.