Question: 1. The difference between contribution margin and income from operations is ________. net income variable costs fixed costs None of these choices are correct. 2.

1. The difference between contribution margin and income from operations is ________.

net income

variable costs

fixed costs

None of these choices are correct.

2. The relationship between a companys contribution margin and income from operations is measured by _____.

contribution margin

operating leverage

margin of safety

break-even point

3. The __________ is the relative distribution of sales among the products sold by a company.

sales mix

mixed cost

product mix

None of these choices are correct.

4. The unit selling price of the overall enterprise product equals the ________.

average selling price of the products

price of the highest-selling product in the mix

sum of the unit selling prices of each product multiplied by its sales mix percentage

price of the product having the lowest selling price

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