Question: 13 At the breakeven point, the contribution margin equals total A. variable costs B. sales revenues C. selling and administrative costs D. fixed costs 14

13 At the breakeven point, the contribution margin equals total A. variable costs B. sales revenues C. selling and administrative costs D. fixed costs 14 When performing CVP analysis for a single product A. the contribution margin per unit can be used to solve for the breakeven point B. the price per unit is always needed C. fixed costs are usually low D. operating leverage is usually high 15 When performing CVP analysis for a multi-product organization A. the sales mix is not important B. there is no relationship between changes in sales mix and changes in total revenue C. the contribution margin ratio can be used to solve for the breakeven point D. there is no relationship between changes in sales mix and changes in total variable cost

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