Which of the following is not an assumption of CVP analysis? a. A straight line can be

Question:

Which of the following is not an assumption of CVP analysis?

a. A straight line can be used to approximate the relationship between cost and revenue within the relevant range.

b. Production and sales are equal.

c. Sales mix remains constant for any company selling more than one product.

d. All costs can be accurately described as either fixed, variable, mixed, or step.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Accounting

ISBN: 9780078110771

1st Edition

Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips

See More Books

Question Posted: May 14, 2024 10:01 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Briefly describe ASCII and Unicode and draw attention to any relationship between them. [3 marks] (b) Briefly explain what a Reader is in the context of reading characters from data. [3 marks] A...
Python and most Python libraries are free to download or use, though many users use Python through a paid service. Paid services help IT organizations manage the risks associated with the use of...
Alderon Industries manufactures chemicals for various purposes. One process that Alderon uses produces SPL-3, a chemical used in swimming pools; PST-4, a chemical used in pesticides; and RJ-5, a...
For each parabola described, use the information given to find the location of the missing feature. It may help to draw a sketch. a. If the focus is (1, 4), and the directrix is y = - 3, where is the...
In December 2018, tickets to a concert by Andy Lau, a Cantopop legend, that cost HK$980 had a resale price between HK$3,500 and HK$5,000, more than six times their face value. Scalpers usually buy...
understand the importance of the sports goods retail sector;
On January 1, 2014, Eddy Corporation had retained earnings of $650,000. During the year, Eddy had the following selected transactions. 1. Declared cash dividends $120,000. 2. Corrected overstatement...
Question 2 The information provided is related to question 2 A and B. You have been provided with information on three listed shates from the JSE in the table below Share EPS (Last Year's) 1.83 3:12...
Contribution margin ratio is represented by a. (Sales Fixed Cost)/Sales. b. (Sales Variable Cost)/Sales. c. (Fixed Cost Variable Cost)/Sales. d. Variable Cost/Sales.
Thyme2Cook manufactures garden planters for growing fresh herbs to use in cooking. Individuals as well as local restaurants purchase the planters. Recently, the company incurred the following costs:...
On July 1, 2025, Roberts Corporation issued $3,000,000 of 9% bonds payable in 20 years. The bonds include detachable warrants giving the bondholder the right to purchase for $30 one share of $1 par...
Exercise 11-5 Profit allocation in a partnership LO3Dallas and Weiss formed a partnership to manage rental properties, by investing $161,000 and $189,000, respectively. During its first year, the...
operation research an introduction by Taha, Hamdy A . 2 0 2 2 . Operations Research - An Introduction. 1 1 th ed . Prentice Hall..kindly explain this
which 2 statements are correct regarding budgets in quickbooks online? a . budgets can be created to track capital expenditures. b . budgets can be set up bsed on the last fiscal year's financial...
Dr. Yong has requested that Senture Houston, an office manager at Pain Free Dental Associates, prepare a single journal entry for December 31, 2022. The bank statement for that day shows $9,500....
This program will not require any IF statements, loops, or custom classes. Instead, it will check inputted data for two kinds of mistakes: Wrong data type (entering text instead of numbers), and math...
List the three categories of GAAS. Discuss why the GAAS and the SAS are considered minimum standards of performance for auditors.
True & False The basis of an asset must be reduced by the depreciation allowable, 2. Adjusted gross income (AGI) is the basis for a number of phase-outs of deductions. 3. A change to adjusted gross...
Data Table The adjusted trial balance of Emes Real Estate Appraisal at June 30, 2024, follows: Click the icon to view the adjusted trial bsanen) Read the requirement Um Requirement 1. Prepare the...
Suppose you are the CFO of a large firm. Would you prefer to show company earnings based on the all-inclusive format or the current operating performance format, present GAAP notwithstanding? Explain...
Using an Aging Schedule to Account for Bad Debts Sparkle Jewels distributes fine stones. It sells on credit to retail jewelry stores and extends terms that require the stores to pay in 60 days. For...

Which of the following is not an assumption of CVP analysis? a. A straight line can be

Question:

Step by Step Answer:

d All costs can ...View the full answer

Managerial Accounting

Students also viewed these Business questions