TRUE OR FALSE.1. Sales Revenue = Selling Price per unit x Total number of units sold2. Operating income = Sales Revenue - Total variable cost - Total Fixed cost3. Contribution margin = Sales Revenue - Total variable cost%3D4. Contribution margin ratio = Contribution margin / sales Revenue5. Variable cost ratio = Total variable cost/ Sales revenue6. Break-even point in units = Fixed cost/Unit contribution margin

As the question has more than 3 sub-parts, the first 3 subparts are answered as per guidelines. If…

TRUE OR FALSE. 1. Sales Revenue = Selling Price per unit x Total number of units sold 2. Operating income = Sales Revenue - Total variable cost - Total Fixed cost 3. Contribution margin = Sales Revenue - Total variable cost 4. Contribution margin ratio = Contribution margin / sales Revenue 5. Variable cost ratio = Total variable cost/ Sales revenue 6. Break-even point in units = Fixed cost/Unit contribution margin %3D

TRUE OR FALSE. 1. Sales Revenue = Selling Price per unit x Total number of units sold 2. Operating income = Sales Revenue - Total variable cost - Total Fixed cost 3. Contribution margin = Sales Revenue - Total variable cost 4. Contribution margin ratio = Contribution margin / sales Revenue 5. Variable cost ratio = Total variable cost/ Sales revenue 6. Break-even point in units = Fixed cost/Unit contribution margin %3D

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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