Select from the following the incorrect statement regarding contribution margin.
a) At...
Select from the following the incorrect statement regarding contribution margin.
a) At the breakeven point (where the company has neither profit nor loss), Total fixed costs = Total contribution margin.
b) Total sales revenue times the contribution margin percentage = Total contribution margin.
c) Sales - Fixed costs = Contribution margin.
d) Net income + Total fixed costs = Contribution margin.
Answers: 3
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