The Difference Between Sales Price Per Unit and Variable Cost

question 146

Multiple Choice

The difference between sales price per unit and variable cost per unit is the:

• A) Gross profit from sales.
• B) Gross margin per unit.
• C) Fixed cost per unit.
• D) Margin of safety per unit.
• E) Contribution margin per unit.

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Definitions:

Sample Mean

The average of all measurements in a sample set, calculated by summing all observations and dividing by the number of observations.

Sample Variance

A measure of the dispersion or spread of data points in a sample, calculated as the sum of squared deviations from the mean, divided by the number of observations minus one.

Population Size

The entire population of people or items that an investigator seeks to examine or analyze.

Sample Size

The amount of entries or repetitions present in a statistical sample.