On a CVP income statement
A. Sales - Variable costs - Fixed costs = Contribution margin.
B. Sales - Variable costs = Contribution margin.
C. Sales - Cost of goods sold = Contribution margin.
D. Sales - Fixed costs = Contribution margin.
Answer: B
On a CVP income statement
A. Sales - Variable costs - Fixed costs = Contribution margin.
B. Sales - Variable costs = Contribution margin.
C. Sales - Cost of goods sold = Contribution margin.
D. Sales - Fixed costs = Contribution margin.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.