1. The difference between contribution margin and income from operations is ________. net income variable costs fixed costs None of these choices are correct. 2. The relationship between a company’s contribution margin and income from operations is measured by _____. contribution margin operating leverage margin of safety break-even point 3. The __________ is the relative distribution of sales among the products sold by a company. sales mix mixed cost product mix None of these choices are correct. 4. The unit selling price of the overall enterprise product equals the ________. average selling price of the products price of the highest-selling product in the mix sum of the unit selling prices of each product multiplied by its sales mix percentage price of the product having the lowest selling price
1. The difference between contribution margin and income from operations is ________. net income variable costs fixed costs None of these choices are correct. 2. The relationship between a company’s contribution margin and income from operations is measured by _____. contribution margin operating leverage margin of safety break-even point 3. The __________ is the relative distribution of sales among the products sold by a company. sales mix mixed cost product mix None of these choices are correct. 4. The unit selling price of the overall enterprise product equals the ________. average selling price of the products price of the highest-selling product in the mix sum of the unit selling prices of each product multiplied by its sales mix percentage price of the product having the lowest selling price
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
1. The difference between contribution margin and income from operations is ________.
- net income
- variable costs
- fixed costs
- None of these choices are correct.
2. The relationship between a company’s contribution margin and income from operations is measured by _____.
- contribution margin
- operating leverage
- margin of safety
- break-even point
3. The __________ is the relative distribution of sales among the products sold by a company.
- sales mix
- mixed cost
- product mix
- None of these choices are correct.
4. The unit selling price of the overall enterprise product equals the ________.
- average selling price of the products
- price of the highest-selling product in the mix
- sum of the unit selling prices of each product multiplied by its sales mix percentage
- price of the product having the lowest selling price
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