1.)contribution margin is the amount remainng after:

a. variable expenses have been deducted from sales revenue

b. fixed expenses have been deducted from sales revenue

c. fixed expenses have been deducted from variable expenses

d. cost of goods sold has been deducted from sales revenues

2.) the contribution margin ratio is equal to

a. total manufacturing expense/sales

b. (sales-variable expenses)/ sales

c. 1-(gross margin/sales)

d. 1-(contribution margin/sales)

3.) which of the following is not a correct difinition of the break-even point?

a. the excess of budgeted or actutal sales over bugeted or acutal variable

b. the point where total profit equals total fixed expenses

c. the point where total contribution margin equals total fixed expenses

d. the point where total profit equals zero

6.) reynolds enterprises sells a single product for $25. the variable expense per unit is $15 and the fixed expense per unit is $5 at the current level of sales. the company's net operating income will increase by $10 if one more unit is sold. TRUE OR FALSE