Which of the following is false? ( )
A: The contribution margin is equal to sales revenue minus variable expenses
B: A contribution margin income statement is organized by cost behavior
C: Under absorption costing, the fluctuation of inventory levels will impact operating income, regardless of sales revenue .
D: The operating income of manufacturers will always be the same, regardless of whether variable or absorption costing is used
A: The contribution margin is equal to sales revenue minus variable expenses
B: A contribution margin income statement is organized by cost behavior
C: Under absorption costing, the fluctuation of inventory levels will impact operating income, regardless of sales revenue .
D: The operating income of manufacturers will always be the same, regardless of whether variable or absorption costing is used
举一反三
- Grossprofit margin is the sales price minus the variable cost per unit.
- Themargin of safety: A: equals planned unit sales less break-even unitsales B: showshow actual sales differ from planned sales C: isthe sales price minus all the fixed expenses D: isthe same as contribution margin
- Which of the following is not a true statement about a multiple-step income statement? A: Operating expenses are similar for merchandising and service enterprises. B: There may be a section for nonoperating activities. C: There may be a section for operating assets. D: There is a section for cost of goods sold.
- Which statement summarizes financial performance resulting from income (revenue and gains) less expenses (including losses). A: Balance sheet B: Income statement C: Cash flow statement
- In the income statement, it’s mainly about the revenue and the expenses of a business entity.（ ）