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If revenue = $80 and variable cost = 40% of revenue, = $48.00. a. True. b. False. then contribution margin

If revenue = $80 and variable cost = 40% of revenue, = $48.00. a. True. b. False. then contribution margin

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Give correct answer the general accounting question

If revenue = $80 and variable cost = 40% of revenue, = $48.00. a. True. b. False. then contribution margin
Transcribed Image Text:If revenue = $80 and variable cost = 40% of revenue, = $48.00. a. True. b. False. then contribution margin
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