Contribution margin: (a) is revenue remaining after deducting variable costs. (b) may be expressed as contribution margin

Question:

Contribution margin:

(a) is revenue remaining after deducting variable costs.

(b) may be expressed as contribution margin per unit.

(c) is selling price less cost of goods sold.

(d) Both

(a) and

(b) above.

AppendixLO1

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