Which is not true? At break-even point, A. profit equals zero B. gross profit equals operating expenses C. contribution margin equals fixed costs D. total revenue equals total costs E. none of the above.
Which is not true? At break-even point, A. profit equals zero B. gross profit equals operating expenses C. contribution margin equals fixed costs D. total revenue equals total costs E. none of the above.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter7: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 4MCQ
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Question
Which is not true? At break-even point,
A. profit equals zero
B. gross profit equals operating expenses
C. contribution margin equals fixed costs
D. total revenue equals total costs
E. none of the above.
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