Which of the following relates to the breakeven point? (i) Contribution margin equals total fixed cost. (ii) Revenue equals expenses. (iii) Net income equals zero. O a. (1). (ii) and (iii) O b. (i) and (ii) only O c. (ji) and (fii) onlyThe following information is for Wolf Corporation: Total fixed costs $313,500 Variable costs per unit $99 Selling price per unit $154 The contribution-margin ratio to one decimal place is: O a. 55.6 percent b. 64.3 percent c. 35.7 percent d. 44.4 percentWhich of the following assertion(s) is/are true regarding the administration of the budget: (i) The budget manual is a collection of instructions governing the responsibilities of persons and the procedures, forms, and records relating to the preparation and use of budgetary data. (ii) The nominating committee is the coordinating body used in the preparation and administration of budgets. O a. Assertions (i) and (ii) are both correct O b. Only assertion (i) is correct O c. Only assertion (ii) is correct O d. Neither assertions (i) nor (ii) are correct