Question: It is the contribution margin that contributes to the bottom line on income statement after covering fixed costs. True False On the contribution-margin income statement,

  1. It is the contribution margin that contributes to the bottom line on income statement after covering fixed costs.

  1. True
  2. False

  1. On the contribution-margin income statement, variable period costs (such as percentage sales commission, etc.) are not included in variable expenses.

  1. True
  2. False

  1. Unit contribution margin ratio is necessarily the same as contribution margin ratio.

  1. True
  2. False

  1. For any volume of sales, contribution margin ratio is not the same across.

  1. True
  2. False

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