7. Which of the following represents the calculation of the contribution margin ratio? a. (Sales - Fixed Expenses)/Sales b. (Sales Cost of Goods Sold)/Sales c. (Sales -Variable Expenses/Sales d. (Sales Total Expenses)/Sales 8. Terrell, Inc. sells a single product at a selling price of $40 per unit. Variable costs are $22 per unit and fixed costs are $82,800. Terrell's break- even point is: a. $184,000 b. 3,764 units c. $150,540 d. 2,070 units 9. Keller Co. sells a single product for $28 per unit. If the contribution margin is 35% of sales and fixed costs total $9,800, the break-even point will be (rounded): a. $15,077 b. $18,200 c. 539 units d. 1,000 units 10. The contribution margin ratio measures: a. b. c. d. Profit per unit. Contribution margin per dollar of sales. Profit per dollar of sales. The ratio of variable to fixed costs