TB MC Qu$.12-56$ Each of a company's several...

Each of a company's several product lines has a different contribution margin ratio. Total sales in $2023$ were $20\%$ higher than total sales in $2022.$ Total contribution margin for $2023$ will be:

Multiple Choice

$20\%$ higher than it was in $2022,$ regardless of changes in sales mix.

more than $20\%$ higher than it was in $2022$ if the sales mix changes and proportionately more high contribution margin ratio products are sold in $2023$ than in $2022.$

the same as it was in $2022,$ regardless of changes in sales mix.

less than $20\%$ higher than it was in $2022$ if the sales mix changes and proportionately more high contribution margin ratio products are sold in $2023$ than in $2022.$