Presented below are the major categories or captions that would appear on an income statement prepared in the variable costing format:
Contribution margin Fixed costs
Income from operations Manufacturing margin Sales
Variable cost of goods sold
Variable selling and administrative expenses
a Arrange the above captions in the proper order in accordance with the variable costing concept.
b Which of the captions represents 1 the difference between sales and the total of all the variable costs and expenses and 2 the remaining amount of revenue available for fixed manufacturing costs, fixed expenses, and net income?

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The Answer of Presented below are the major categories or captions that would appear on an income statement prepared in the variable costing format:
Contribution margin Fixed costs
Income from operations Manufacturing margin Sales
Variable cost of goods sold
Variable selling and administrative expenses
a Arrange the above captions in the proper order in accordance with the variable costing concept.
b Which of the captions represents 1 the difference between sales and the total of all the variable costs and expenses and 2 the remaining amount of revenue available for fixed manufacturing costs, fixed expenses, and net income?

Presented Below Are the Major Categories or Captions That Would