Select from the following the incorrect statement regarding contribution margin.
a) At...
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Select from the following the incorrect statement regarding contribution margin.
a) At the breakeven point (where the company has neither profit nor loss), Total fixed costs = Total contribution margin.
b) Total sales revenue times the contribution margin percentage = Total contribution margin.
c) Sales - Fixed costs = Contribution margin.
d) Net income + Total fixed costs = Contribution margin.
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