Multiple Choice
What percentage of the contribution margin is profit on units sold in excess of the breakeven point?
A) It's 50% of the contribution margin ratio.
B) It's equal to the variable cost ratio.
C) It's equal of the gross profit ratio.
D) It's 100%.
Correct Answer:
Verified
Related Questions
Q32: The cost formula for monthly customer order
Q33: The scattergram allows cost-volume relationships to be
Q34: When the high-low method of estimating a
Q35: Operating income using the contribution margin format
Q36: An example of a cost that is
