Please solve the multiple choice from 6-10

6. Contribution margin a. Is revenue remaining after deducting variable costs b. Is selling price less cost of goods sold c. Is the same as gross profit d. All of the above are correct e. None of the above When comparing a traditional income statement to a CVP income statement a. Profit will always be greater on the traditional income ststement b. Profit will always be less on the traditional income statement c. Profit will always be equal on both d. Profit could be greater or less depending on sales volume e. Cant say; depends on the industry of the company 7. Marshall Company had actual sales of $600,000 when break even sales were $420,000. What is the margin of safety ratio? a. 25% b. 30%) ?. 33.3% d. 45% e. None of the above 8. 9. Margin of safety is computed as a. Actual sales-Breakeven sales b. Contribution margin- Fixed costs c. Break even sales- Variable costs d. Actual sales-Contribution margin e. None of the above 10. Manufacturing costs that are fxed are ctassified as a. Period costs b. Product costs c. Both product and period costs d. Neither product nor period costs Part B