Because Contribution Margin Is Based on Sales Price and Variable

question 145

True/False

Because contribution margin is based on sales price and variable costs,the contribution margin ratio can be calculated using either the total amounts or the unit amounts.

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Power of Attorney

An official paper authorizing an individual (the agent) to handle legal or financial issues for another person (the principal).

Legal Document

A document that states some contractual relationship or grants some right, enforceable by law.

Contractual Acts

The actions or deeds performed under the terms of a contract or agreement between parties.

Statute of Frauds

A rule of law stipulating that certain categories of agreements must be documented and signed to be legally binding.