QUESTION 12 1. Break-even value can be calculated by: Ca. Total fixed cost divided by contribution ratio b. Break-even units multiplied by selling price per unit c. Total fixed cost divided by contribution per unit da and b e.bandc Margin of safety can be expressed in: a. Units c b. Value c. Ratio d. a and b e. "a, b and c" The point where total revenue is equal to total costs is: a. Profit point b. Contribution point c. Margin of safety point d. Break-even point e. None of the above What is margin of safety? a. The amount of actual sales that may fall short of budgeted sales without incurring a loss b. The amount of budgeted sales that may fall short of actual sales without incurring a loss . The amount of break-even sales that are required to break even d. The amount of actual sales that are higher than budgeted sales e. The amount of budgeted sales that are higher than actual sales