48) A mixed cost is part variable cost part 2 Points Product Cost Direct Cost Fixed Cost Activity based Cost 49) The excess over sales over variable cost is 2 Points Contribution Margin Cost of goods sold Fred Costs 50 XYZ Corporation reports sales of $500,000 for the year. Their contribution margin was 250,000 What is their contribution margin ratio? "show your work 1 Point 51) The level of operations at which a company's revenues and expenses are equal is called the 1 Point