1 0.5 points In a Cost-Volume-Profit graph (sometimes called a break-even chart), unit volume is represented on the horizontal (X) axis and dollars on the vertical (Y)atis True False 2 0.5 points A decrease in the number of units sold will decrease the break-even point True False 3 0.5 points If the contribution margin is not sufficient to cover fixed expenses a loss occurs total profit equals total expenses contribution margin is negative variable expenses equal contribution margin 4 0.5 points Which of the following is an assumption underlying standard CVP analysis? O In multiproduct companies, the sales mix is constant In manufacturing companies, inventories always change The price of a product or service is expected to change as volume changes Fixed expenses will change as volume increases