Unit Variable Cost Divided by Unit Selling Price Times 100

question 108

Multiple Choice

Unit variable cost divided by unit selling price times 100 is the contribution margin expressed

• A) as the sum of all units sold.
• B) on a per unit basis for a product.
• C) as a percentage.
• D) as a total of fixed costs.
• E) as a total of all costs.

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Definitions:

Warranty

A guarantee, provided by a seller or manufacturer, assuring the quality, performance, or lifespan of a product, often implying repair or replacement if specifications are not met.

Tender Of Performance

An unsuccessful (because it is rejected or prevented by the other party) attempt by one of the parties to a contract to perform its obligations under the contract.

Breach Of Contract

The violation of any agreed-upon terms or conditions in a binding contract, which can lead to legal consequences for the party in breach.

Designated Contract

A specific agreement set apart for a unique purpose or recognized formally in a particular context.