QUESTION 16 The break even point is that level of activity where O total revenue equals total cost O variable cost equals fixed cost. O total contribution margin equals the sum of variable cost plus fixed cost. O sales revenue equals total variable cost. O profit is greater than zero. QUESTION 17 The management of Edrington Corporation, a manufacturing company, would like your help in contrasting the traditional and contribution approaches to the income statement. The company has provided the following financial data for April: S280,000 $30,000 $57,000 $27.000 $48,000 $34.000 $73.000 Sales Variable production expense Fixed production expense Variable selling expense Fixed selling expense Fixed administrative expense The company had no beginning or ending inventories The gross margin for April was: $193,000