Variable Costs as a Percentage of Sales Are Equal to 100

question 168

True/False

Variable costs as a percentage of sales are equal to 100% minus the contribution margin ratio.

---

Definitions:

Nipples

The small protrusions on the breasts or chest that can produce milk in females and are sensitive to touch in both sexes.

Contractions

are the tightening and relaxing of muscles that can occur in various parts of the body; in the context of childbirth, they refer to the rhythmic tightening of the uterus to help deliver the baby.

Abdominal Compressions

A method used in first aid, often as part of CPR, involving the application of pressure on the abdomen to help expel substances causing airway obstruction.

Fetus

A developing mammal after the embryonic stage and before birth, particularly in humans from the ninth week of gestation until birth.