If the Price Per Unit Is $1

question 132

True/False

If the price per unit is $1.00 and the average variable cost per unit is 60 cents, the fixed cost contribution per unit is $1.40.

---

Definitions:

Inventory Item

A specific product or good that a company holds for the purpose of selling to customers.

Business Activities

Operations, tasks, and functions carried out by a company in the pursuit of its economic objectives.

Receive Payments

The action of collecting money that is owed to a business by its customers.

Vendors Section

The Vendors Section is typically an area within accounting or business management software where information about suppliers and transactions with them is recorded and managed.