Question 1
Contribution margin is the amount
◦ of sales less cost of goods sold.
◦ of total variable costs and total fixed costs.
◦ that is available to cover period costs and provide a profit.
◦ that is available to cover fixed costs and provide a profit.
Question 2
Break-even point can be expressed in terms of
◦ units.
◦ unit sales price.
◦ unit fixed costs.
◦ unit contribution margin.