Question: True or False ? A 45% contribution margin ratio means that 55% of the company's revenue is consumed by fixed and variable costs Please add

True or False ? A 45% contribution margin ratio means that 55% of the company's revenue is consumed by fixed and variable costs

Please add an explanation.

V lat plan/budget to sell 600 I TRUE or FALSE: A 45% contribution margin ratio means that 55% of the company's revenue is consumed by fixed and variable costs. TRUT or FALSF. Total contribution margin is the difference between total revenue

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