If the Selling Price Per Unit Is $20 and the Contribution

question 204

True/False

If the selling price per unit is $20 and the contribution margin percentage is 30%,then the variable cost per unit must be $6.

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Definitions:

Bona Fide Occupational Qualification

An employment qualification that an employer must prove is necessary for the operation of a particular job and is therefore not considered discrimination.

Customer Preference

The inclinations or choices of consumers regarding products, services, or companies, often influenced by personal taste, quality, and price.

Equal Pay Act

A law aimed at abolishing wage disparity based on sex by ensuring equal pay for equal work for both men and women.

PATRIOT Act

Legislation enacted in the United States to enhance law enforcement investigatory tools and abilities, particularly in response to terrorism.