If Selling Price Is $25, Unit Contribution Margin Equals $15

question 35

Multiple Choice

If selling price is $25, unit contribution margin equals $15 and fixed costs are $12,000, then breakeven volume is:

• A)300 units.
• B)1,200 units.
• C)800 units.
• D)2,500 units.
• E)1,500 units.

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Definitions:

Margin of Error

A statistic expressing the amount of random sampling error in a survey's results, representing how far the true value could deviate from the observed value.

Minimum Sample Size

The smallest number of observations or data points that is considered sufficient for a statistically valid result.

Population Proportion

The fraction or percentage of a population that exhibits a particular attribute or characteristic.

Confidence Interval

A stretch of numerical indicators, obtained from sample statistics, envisaged to hold the secret value of a population characteristic.