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Unformatted text preview: Correct. Cost-volume-profit analysis is the study of the effects of changes in costs and volume on a company's profit. changes in costs and volume on a company's profitability ratios. cost, volume, and profit on the cash budget. cost, volume, and profit on various ratios Correct. The CVP income statement classifies costs by function and computes a contribution margin. as variable or fixed and computes gross margin. as variable or fixed and computes contribution margin. by function and computes a gross margin Correct. Contribution margin is the amount of revenue remaining after deducting fixed costs. variable costs. contra-revenue. cost of goods sold Correct. Buerhrle's CVP income statement included sales of 2,000 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $44,000. Contribution margin is $36,000. $80,000. $120,000. $200,000. Incorrect....
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- Fall '09