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CVP income statement is arranged to show variable expenses, contribution margin and fixed expenses allowing a business to make cost volume profit decisions. CVP income statement is arranged to show variable expenses, contribution margin and fixed expenses allowing a business to make cost volume profit decisions.
Businesses produce various financial reports to monitor the companyâs performance and worth. One such report is the income statement, also called a profit and loss statement. This report records income from sales, interest earned, and other sources and expenses, such as payroll, rent and cost-of-goods sold. As a rule, sales for a reporting period are matched to the expenses incurred to support those sales.