46. Contribution margin tells the user a. How much of each sales dollar can be used to cover fixed expenses. b. How much of each sales dollar can be used to cover variable expenses. c. The gross profit percentage of the firm. d. The net income of the firm. 47. Once the breakeven point has been reached, operating income increases by: a. The gross margin per unit for each additional unit sold. b. The contribution margin per unit for each additional unit sold. c. The variable costs per unit for each additional unit sold. d. The sales price per unit for each additional unit sold. 48. ABC budgets for $10,000 of net income by selling 1,000 units. Variable costs are $4 per unit and fixed costs are $6,000. What should be the selling price? a. $16 per unit. b. $18 per unit. c. $20 per unit. d. None of the above. 49. A firm expects to sell 25,000 units of its product at $11 per unit. Net income is predicted to be $60,000. If the variable costs per unit are $5, total fixed costs must be: a. $ 90,000. b. $125,000. c. $215,000. d. None of the above