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QUESTION 2 a) Distinguish between a contribution and a functional income statement. b) What is contribution margin? Contrast contribution margin with gross margin. c) What

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QUESTION 2 a) Distinguish between a contribution and a functional income statement. b) What is "contribution margin"? Contrast contribution margin with gross margin. c) What is the unit contribution margin? How is it used in computing the unit break-even point d) What is the contribution margin ratio and when is it most useful

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