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Which of the following statements are true about contribution?

A. Contribution doesn’t include fixed cost whereas profit includes fixed cost

B. Contribution is not based on the concept of marginal cost

C. Contribution above breakeven point becomes profit

D. All of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above