Question
which of the following statments is true A- Sales + Variable expenses= contribution margin B Contrubution margin - fixed expenses= net operating income C= sales-contribution
which of the following statments is true
A- Sales + Variable expenses= contribution margin
B Contrubution margin - fixed expenses= net operating income
C= sales-contribution margin= net operating income
D contribution margin + net operating income= sales
QUESTION 2
Which of the following statments is false
A The break even point is the level of sales at which the total sales dollar amount equals the total fixed cost
B margin of safetly is the excess of budgetated or actual dollar sales over the break even point
C sales mixed refers to the relative proportions in whinch a company products are sold
D all false
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