1. If a company's variable cost are 70% of sales, which formula represents the computation of peso sales that will yield a profit equal to 10% of the contribution margin when P equals sales in pesos for the period and FC equals total fixed costs for the period? a. P = .27/FC b. P = FC/.2 C. P = .2/FC d. P = FC/.27 2. Cost-Volume-profit analysis is most important for the determination of the a. variable revenues necessary to equal fixed costs b. volume of operation necessary to break-even C. relationship between revenues and costs at various levels of operations d. sales revenue necessary to equal variable costs