All the following statements, about the contribution margin, are true, except for: - Multiple Choice It can be calculated on a unit basis. LO It can be calculated on a total dollar basis. O It is calculated using total fixed costs. O It is calculated using total variable costs. O It is calculated using total sales dollars. All the following statements about the term "contribution margin" are true, except for: 3 Multiple Choice The amount of dollars left over after covering the variable costs. The amount of dollars available to cover the fixed costs. The amount of dollars available to generate Net Income. The amount of dollars left over after covering the fixed costs. O The amount of dollars available to generate profit. est Help Save & Exit A company manufactures and sells a single product that sells for $ 85 per unit; unit valable costs are $ 45. Annual fixed costs are $ 225.000. Management intends to sell 4,000 units of this product next year. The contribution margin in total dollars is: Multiple Choice $ 180,000 $ 340,000 $ 520000 $ 160,000 $ 440,000 7 15 Next >