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Seneca College *

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440

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Accounting

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Nov 24, 2024

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pdf

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10/30/23, 8:21 PM Chapter 4 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4638415&cmid=1260498 1/2 Dashboard / My courses / [Seneca 09/2023] HTM440NHA - Nardi / CHAPTER 4 - Cost-Volume-Profit Analysis / Chapter 4 Quiz Question 1 Incorrect Mark 0.00 out of 1.00 Started on Monday, 30 October 2023, 10:48 AM State Finished Completed on Monday, 30 October 2023, 10:51 AM Time taken 2 mins 35 secs Grade 7.00 out of 10.00 ( 70 %) An increase in fixed costs will result in what change to the contribution margin: Select one: a. Decrease in the contribution margin. b. Deletion of the contribution margin. c. Increase of the contribution margin. d. No change to the contribution margin. Your answer is incorrect. Explanation: Fixed costs are subtracted from the contribution margin so any change to fixed costs will not cause a change in the contribution margin. The correct answer is: No change to the contribution margin.
10/30/23, 8:21 PM Chapter 4 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4638415&cmid=1260498 2/2
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