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podryga [215]
3 years ago
11

In order to prepare a contribution format income statement, costs must be separated into: Multiple Choice

Business
1 answer:
scoray [572]3 years ago
4 0

Answer:

variable and fixed costs.

Explanation:

The format of the contribution margin income statement is presented below:

Sales                                    XXXXX

Less: Variable cost            (XXXXX)

Contribution margin            XXXXX

Less: Fixed cost                  (XXXXX)

Net income or loss               XXXXX

Based on this we can concluded that the contribution margin income statement  classified into two cost i.e variable and fixed cost

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