New Year Sale Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: simple70

IIA Business Knowledge for Internal Auditing IIA-CIA-Part3 Question # 124 Topic 13 Discussion

IIA Business Knowledge for Internal Auditing IIA-CIA-Part3 Question # 124 Topic 13 Discussion

IIA-CIA-Part3 Exam Topic 13 Question 124 Discussion:
Question #: 124
Topic #: 13

Which of the following statements is true regarding cost-volume-profit analysis?


A.

Contribution margin is the amount remaining from sales revenue after fixed expenses have been deducted


B.

Breakeven is the amount of units sold to cover variable costs


C.

Breakeven occurs when the contribution margin covers fixed costs


D.

Following breakeven, net operating income will increase by the excess of fixed costs less the variable costs per unit sold


Get Premium IIA-CIA-Part3 Questions

Contribute your Thoughts:


Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.