124. What is the formula to compute break-even volume in units? 125. How does contribution margin differ from gross margin? 126. How will net income under variable costing compare to net...

124. What is the formula to compute break-even volume in units?

125. How does contribution margin differ from gross margin?

126. How will net income under variable costing compare to net income under absorption costing in the following three situations? Explain briefly the cause of any differences.
(a) Units produced equal units sold
(b) Units produced exceed units sold
(c) Units produced are less than units sold

127. What is a contribution margin report?

128. What are the limitations of using variable costing?

129. What is the general procedure for converting variable costing net income to absorption costing net income?