Hill Corporation's contribution margin income statement for March is as follows:
Sales (2,500 units) $112,500
Variable expenses 78,750
Contribution margin $33,750
Fixed expenses 15,000
Operating income $18,750
Which of the following statements is NOT correct?
A) The contribution margin ratio for March was 45%.
B) The breakeven point for March was 2,200 units.
C) The margin of safety for March was $78,000.
D) Each unit sold during March increased operating income $60.
D
Business
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