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FNSACC412 Questions On Prepare Operational Budgets - Flexible Budgets

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Topic 7 - Activities

Question 23

Contribution margin is:

  1. The difference between fixed and variable costs
  2. The difference between income and fixed costs
  3. The difference between income from sales and production costs
  4. Equal to fixed costs plus profit
  5. The amount left over after deducting variable costs from revenue from sales

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