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What are the advantage of the contribution format

Assignment Help Managerial Accounting
Reference no: EM132552952

Question 1: The advantage of the Contribution Format Income Statement is that it helps managers

Group of answer choices

a) Clearly distinguish between fixed and variable costs

b) Separates selling from administrative expenses

c) Creates an amount called gross margin

d) Is required by GAAP for external reporting purposes

Reference no: EM132552952

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