Cost-volume-profit analysis is based on necessary assumptions. Which of the following is not one of these assumptions?
A. Total fixed costs are held constant.
B. Sales price and variable costs per unit of output remain constant as volume changes.
C. Costs can be classified as variable or fixed.
D. A constant sales mix in a multiproduct company.
E. Relevant range includes all possible levels of activity that a company might experience.
Answer: E
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Fill in the blank(s) with the appropriate word(s).
List and briefly discuss the three basic components of an accounting information system.
What will be an ideal response?
Joanna uses her smartphone to accomplish many tasks everyday. She is also an avid shopper. Which online marketing tool will benefit Joanna the most to help her shop?
A) e-mail messages from sites to which she subscribes B) banking app for her bank C) instant deals and digital coupons D) YouTube video E) Facebook friends
E-mail is appropriate for short, informal messages that request information and respond to inquiries
Indicate whether the statement is true or false