QUESTION 25 The break-even point in a cost-volume-profit graph is always found: O at 50% of full capacity. O at the sales volume resulting in the lowest average unit cost. O at the volume at which total revenue equals total variable costs. O at the volume at which total revenue equals total fixed costs plus total variable costs. QUESTION 26 A 45% contribution margin ratio means that O the company should contribute 45% of its operating income to qualified charities for maximum tax benefits O 55% of the company's revenue is consumed by fixed and variable costs O the company's revenue has increased by 45% during the current accounting period. O 45% of the company's revenue is available to cover fixed costs and to contribute toward operating income QUESTION 27 Mitchell Corporation manufactures a single product. The selling price is $85 per unit, and variable costs amount to $68 per unit. The fixed costs are $16,500 per month. What is the contribution margin ratio of Mitchell's product? O 65% O 80% 72% 20% 2.5 points Saves 2.5 points Seve An 2.5 points Seve Act