Question: Select the description from the list provided that best matches the following term. Contribution margin Multiple Choice Costs composed of both fixed and variable components
Select the description from the list provided that best matches the following term.
Contribution margin
Multiple Choice
Costs composed of both fixed and variable components
A cost that changes in total in direct proportion to changes in volume
The difference between a company's sales revenue and its variable costs
A cost that remains constant in total when volume changes
A company's cost mix or relative proportion of variable and fixed costs to total costs
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