Question: option b is incorrect which one is correct? If total costs remain the same, the smaller the proportion of fixed costs in a firm's cost
If total costs remain the same, the smaller the proportion of fixed costs in a firm's cost structure a. the smaller the impact a percentage change in sales volume will have on profit AND the lower the contribution marg b. the greater the impact on profit from a percentage change in sales volume. c. the smaller the impact a percentage change in sales volume will have on profit. d. the lower the contribution margin
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
