On the variable costing income statement, the figure representing the difference between manufacturing margin and contribution margin is
A)fixed manufacturing costs
B)variable cost of goods sold
C)fixed selling and administrative expenses
D)variable selling and administrative expenses

Question

Quizplus · Accepted Answer

The difference between manufacturing margin and contribution margin is the variable selling and administrative expenses, as manufacturing margin includes only variable manufacturing costs.

On the Variable Costing Income Statement, the Figure Representing the Difference