A company has fixed costs of $1,100 and a per-unit contribution margin of $4. Which of the following statements is true? Multiple Choice Each unit "contributes" $4 toward covering the fixed costs of $1,100. The situation described is not possible and there must be an error. Once the break-even point is reached; the company will increase income at the rate of $4 per unit. O The firm will definitely lose money in this situation. O reached, the company will increase Each unit "contributes" $4 toward covering the fixed costs of $1,100 and once the break-even point income at the rate of $4 per unit