Question: Identify the relationships that the expanded contribution margin model shows. Multiple select question. Contribution margin must cover fixed expenses before an operating income is earned.

Identify the relationships that the expanded contribution margin model shows. Multiple select question. Contribution margin must cover fixed expenses before an operating income is earned. Contribution margin is earned when revenue is less than the fixed expenses. Contribution margin divided by revenue is equal to contribution margin ratio. Total contribution margin depends on the volume of activity. Total assets divided by contribution margin is equal to contribution margin ratio. Revenue minus variable expenses is equal to contribution margin

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