Explain the difference between unit contribution margin and contribution margin ratio.

Explain the difference between unit contribution margin and contribution margin ratio.

Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...

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Related Book For answer-question

Managerial Accounting

2nd edition

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

ISBN: 978-0078025518