Define variable fixed and mixed costs share an example of


Accounting Discussion Questions

1 - What is the difference between an opportunity cost and a sunk cost? Share an example of each with the group.

2 - Define variable, fixed, and mixed costs. Share an example of each with the group.

3 - What is the formula for the contribution margin ratio? How is it useful in the decision-making process?

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Accounting Basics: Define variable fixed and mixed costs share an example of
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