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v A company has the following financial information available: Unit selling price: $676 Total fixed costs: $151,000 Unit variable costs: $513 Units sold: 898 What
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A company has the following financial information available: Unit selling price: $676 Total fixed costs: $151,000 Unit variable costs: $513 Units sold: 898 What is the unit contribution margin? a. $385 b. $12 C. $168 d. $163 What happens to total variable costs when the activity level increases by 12%? Select one: a. It increases by 12% b. It increases by more than 12% C. It remains the same d. It decreases by less than 12% Tet income will be: Select one: a. Unaffected by changes in the mix of products sold b. Equal as long as total sales remain equal, regardless of which products are sold c. Greater if more lower-contribution margin units are sold than higher-contribution margin units d. Greater if more higher-contribution margin units are sold than lower-contribution margin units Step by Step Solution
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