Question: 46. Sales is $50,000, Variable cost is 20,000, fixed cost is 60,000. What is the Contribution margin? 40% 25% 60% 33% 47. Revenue = 2,000,

46. Sales is $50,000, Variable cost is 20,000, fixed cost is 60,000. What is the Contribution margin?

40%

25%

60%

33%

47. Revenue = 2,000, Variable cost = 500, Fixed cost = 800. Find degree of operating leverage (DOL)

1.88

2.50

2.14

0.71

48. Margin of Safety = Sales plus Breakeven Sales

True

False

49. The 3 major components of COSTS are material, labour and contribution.

True

False

50. Accrual basis of accounting means more profits because I am not paying cash right away

True

False

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