If revenue = $135 and variable cost = 45% of revenue, then contribution margin = $79.25. a. True. b. False.
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- Give correct answer the general accounting questionGiven the mixed cost function y = $6.50x + $3,000. What does the $6.50 represent? a.Total cost per unit of the cost driver b.The fixed cost per unit c.The slope of the cost function d.Total fixed costs8. If contribution margin ratio is 0.3 then contribution margin percentage will be: a. 3% b. 30% c. 0.3% d. 0.03%