Answered: Sort the following contribution margin…

Sort the following contribution margin income statement line items in the correct order from top down. V Operating income Sales revenue ✓ Variable costs ✓ Contribution margin Fixed costs

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 3Q: Explain how a contribution margin income statement can be used to determine profitability.

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please help me number it from 1-5

Sort the following contribution margin income statement line items in the correct order from top down.
✓ Operating income
Sales revenue
✓ Variable costs
✓ Contribution margin
Fixed costs

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