Which of the following statements about contribution is false? a.The contribution margin ratio is the...
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Accounting
Which of the following statements about contribution is false? a.The contribution margin ratio is the contribution per unit expressed as a percentage of revenue. b.For volumes above the break-even point, contribution contributes to profit. c.For volumes below the break-even level, contribution represents whats left over from each sale to help pay for fixed costs. d.Contribution per unit, divided into the fixed costs, gives the break-even point.
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