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Product margin is calculated by this equation: total contribution margin - avoldable fixed costs. True or False? True False Total contribution margin = total revenue

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Product margin is calculated by this equation: total contribution margin - avoldable fixed costs. True or False? True False Total contribution margin = total revenue - total variable cost. True or False? True False Major error(s) that must be avoided when using fixed cost information to make decisions are: Using fixed costs per unit derived at all levels to forecast costs Assuming that cost per unit does not change when volume changes Both a \& b None of the above

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