The major categories or captions that would appear on an income statement prepared in the variable costing format are as follows: Contribution margin Fixed costs Manufacturing margin Operating income...

The major categories or captions that would appear on an income statement prepared in the variable costing format are as follows:

a.Arrange these 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.

2.  The remaining amount of revenue available for fixed manufacturing costs, fixed expenses, and net income?