The difference between sales revenue and the total of variable cost is: Multiple Choice O O net profit. gross operating profit. the contribution margin. the breakeven point.

2. Based on the answers obtained in Requirement (1). compute the average product cost per patio set. (Round your answer to 2 decimal places.) 3. Assume that production increases to only 2,430 sets quarterly. Would you expect the average product cost per patio set to increase, decrease, or remain unchanged? Increase Decrease Remain unchanged 4. Refer to the original data. The president's brother-in-taw has considered making o potio set and has piced the necessary materials at a building supply store. He has asked the president if he could purchase a patio set from the Mahela Company "at cost, and the president has agreed to let him do so. o. Would you expect any disagreement over the pice the brotherin taw should pay? What price does the president probably have in mind? (Round your answer to 2 decimal places.)