Which of the following best describes the contribution margin?
A) It refers to the selling price less the fixed cost per unit.
B) It refers to the selling price divided by the fixed cost per unit.
C) It refers to the selling price less the variable cost per unit.
D) IIt refers to the selling price divided by the variable cost per unit.
E) It refers to the selling price divided by the difference between the selling price and the fixed cost per unit.
Correct Answer:
Verified
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