If revenue = $120 and variable cost = 35% of revenue, then contribution margin = $78.00. a. True b. False

Financial & Managerial Accounting
14th Edition
ISBN:9781337119207
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter20: Variable Costing For Management Analysis
Section: Chapter Questions
Problem 20.10EX
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True ? False ? General Accounting

If revenue = $120 and variable cost = 35% of revenue, then contribution
margin = $78.00.
a. True
b. False
Transcribed Image Text:If revenue = $120 and variable cost = 35% of revenue, then contribution margin = $78.00. a. True b. False
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