35. Contribution plus Fixed Cost is Profit

True

False

43. BREAKEVEN SALES (IN UNITS) = VARIABLE COST/ Contribution per Unit

True

False

37. Breakeven Sales (in Dollars) = FIXED COST / Contribution Margin %

True

False

54. Sales is $50,000, Variable cost is 20,000, fixed cost is 60,000. What is the Contribution margin?

40%

25%

60%

33%