Graded Exam #4 10.The contribution margin ratio: Select one: a. Is the percent of each sales dollar that remains after deducting total unit variable cost. b. Is the percent of each sales dollar that remains after deducting total unit fixed cost. c. Is the percent of each sales dollar that remains to cover fixed costs and contribute to the managers' incomes. d. Cannot be used in conjunction with other analytical tools. e. Is the same as the unit contribution margin.

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Graded Exam #4

The high-low method of deriving an estimated cost line uses all the data points available.

Select one: True False

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Graded Exam #4 Total variable costs change proportionately with changes in output activity. Select one: True False