Contribution margin is a function of both the selling price of a product, the variable costs of the product, and the volumes of the product sold. It is possible to obtain the same TOTAL Contribution margin for the same product being sold at different prices and different volumes. True False

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Contribution margin is a function of both the selling price of a product, the variable costs of the
product, and the volumes of the product sold.
It is possible to obtain the same TOTAL Contribution margin for the same product being sold at
different prices and different volumes.
True
False
Transcribed Image Text:Contribution margin is a function of both the selling price of a product, the variable costs of the product, and the volumes of the product sold. It is possible to obtain the same TOTAL Contribution margin for the same product being sold at different prices and different volumes. True False
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